A system dynamics approach for the development of a Regional Innovation System

Elpida Samara (), Pavlos Kilintzis (), Efthymios Katsoras (), George Martnidis () and Paraskevi Kosti ()
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Elpida Samara: University of Western Macedonia
Pavlos Kilintzis: University of Western Macedonia
Efthymios Katsoras: Aristotle University of Thessaloniki
George Martnidis: Aristotle University of Thessaloniki
Paraskevi Kosti: University of Western Macedonia

Journal of Innovation and Entrepreneurship, 2024, vol. 13, issue 1, 1-22

Abstract: Abstract Regions play an important role in the global economy by driving research and innovation policies through a major tool, the Regional Innovation System (RIS). The RIS is a social system that encompasses the systematic interaction of the various organizations that comprise it, to improve local knowledge and innovation. It consists of interconnections of various public and private sector institutions, whose activities and interactions create, introduce and diffuse innovations. This paper outlines the methodology employed in developing and validating a mathematical model of Regional Innovation Systems, utilizing the system dynamics approach. To provide a demonstration of the aforementioned concept, the proposed model will then be implemented in the RIS of two specific regions in Greece, namely Western and Central Macedonia. Within this context, various policies will be formulated to modify the indicators of Smart Technology, with the objective of assessing their influence on the overall regional development of the aforementioned regions. The model focuses on the functional structure of the RIS, separating it in six diverse, interacting subsystems consisting of different components, captured by a total of 38 different factors which can be quantitatively assessed.

Keywords: Innovations; Regional development; Systems thinking; Smart technologies; Policy making (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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DOI: 10.1186/s13731-024-00385-5

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