Are innovative regions more resilient? Evidence from Europe in 2008–2016
Andrea Filippetti (andrea.filippetti@cnr.it),
Petros Gkotsis,
Antonio Vezzani (antonio.vezzani@uniroma3.it) and
Antonio Zinilli
Economia Politica: Journal of Analytical and Institutional Economics, 2020, vol. 37, issue 3, No 4, 807-832
Abstract:
Abstract This paper studies the relationship between the innovation performance of European regions and their resilience. By exploiting a novel dataset that includes patents and trademarks at the regional (NUTS2) level for the 2008–2016 period, the paper addresses two research questions: (1) are innovative regions more resilient? (2) which type of innovation is more conducive to resilience? We frame the relationship between resilience and innovation within the Schumpeterian notion of innovation as a ‘creative response in history’. Overall, we find that a stronger performance in innovation is associated with a better performance in employment both during and in the aftermarket of the 2008 financial crisis. We argue that learning capabilities built over time by regions make them more effective in adapting and recovering during major shocks. While the crisis may have created an opportunity for less developed regions to move ahead, this opportunity has in fact been grasped mainly by those already having a strong regional system of innovation in place.
Keywords: Innovation; Regional resilience; Patents; Trademarks (search for similar items in EconPapers)
JEL-codes: O31 O38 R32 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
http://link.springer.com/10.1007/s40888-020-00195-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:epolit:v:37:y:2020:i:3:d:10.1007_s40888-020-00195-4
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40888
DOI: 10.1007/s40888-020-00195-4
Access Statistics for this article
Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio
More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).