Knowledge and innovation: the strings between global and local dimensions of sustainable growth

T. de Noronha Vaz and Peter Nijkamp
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T. de Noronha Vaz: Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics

No 42, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: The modern growth literature pays much attention to innovation and knowledge as drivers of new developments in a competitive open economic system. This paper reviews concisely the literature in this field and addresses in particular micro- and macro-economic interactions at local or regional levels, based on clustering and networking principles, in which also sustainability conditions play a core role. The paper then develops a so-called knowledge circuit model comprising all relevant stakeholders, which aims to offer a novel framework for applied policy research at the meso-economic level.

Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:dgr:vuarem:2009-42

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