Explaining regional economic performance: the role of competitiveness, specialization and capabilities
Jan Fagerberg () and
Martin Srholec ()
No 2016/2, Papers in Innovation Studies from Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy
This paper is concerned with the explanation of differences in regional economic performance. The first part of the paper presents an overview of how theoretical and applied work of relevance for the analysis of regional economic performance has evolved to its present stance. This leads to the identification of two central factors for regional economic performance, that is, capability building and specialization. There is ample evidence on the impact of these two factors on economic development at the national level, but lack of relevant data has until recently made it difficult to explore these relationships at the regional level. This paper uses data that has recently become available for European regions to delve further into the relationships between capability building, specialization and economic performance. The analysis shows that regional economic performance and capability building does indeed go hand in hand, while the evidence regarding the impact of specialization is more mixed. Finally, the implications of these findings for regional policy and future research are considered.
Keywords: Capabilities; Specialization; Regions; Related Variety; Smart Specialization (search for similar items in EconPapers)
JEL-codes: E14 O30 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eur, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Chapter: Explaining regional economic performance: the role of competitiveness, specialization and capabilities (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:hhs:lucirc:2016_002
Access Statistics for this paper
More papers in Papers in Innovation Studies from Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy CIRCLE, Lund University, PO Box 117, SE-22100 Lund, Sweden. Contact information at EDIRC.
Series data maintained by Torben Schubert ().