The roles of KIBS and R&D in the industrial diversification of regions

Jeroen Content (), Nicola Cortinovis (), Koen Frenken and Jacob Jordaan
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Jeroen Content: Utrecht University School of Economics
Nicola Cortinovis: Erasmus University Rotterdam

The Annals of Regional Science, 2022, vol. 68, issue 1, No 3, 29-64

Abstract: Abstract There is a growing recognition of the importance of the creation of new industrial specialisations for sustained regional growth. However, path dependency often limits a region’s ability to do so, as the occurrence of new industrial specialisations is conditioned by its existing industrial base. In this paper, we use data for 269 NUTS-2 EU regions to examine whether regional Knowledge-Intensive Business Services (KIBS) and Research and Development (R&D) enhance the capacity of regions to specialise in new industries, against the forces of path dependence. Our findings show that both KIBS and R&D exercise direct positive effects on the creation of new industry specialisations and that professional-KIBS and public R&D impact negatively on the relatedness of new specialisations, while private R&D does so positively.

JEL-codes: L84 O32 R11 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s00168-021-01068-9

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