Regional Environments and Sector Developments: the Biotech Sector in Oxfordshire

Helen Lawton Smith and Saverio Romeo
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Saverio Romeo: University of London & Oxfordshire Economic Observatory

Journal of the Knowledge Economy, 2016, vol. 7, issue 4, No 6, 905-919

Abstract: Abstract This paper explores the interdependence between national policy, the local characteristics of the UK’s biotechnology sectoral system of innovation and the growth of Oxfordshire’s biotech sector. It considers on the one hand the county’s research capacity and on the other its innovation performance. The latter is captured by a series of indicators from a recently completed study of the sector, recording the sector’s evolution both in the number of firms and their employment size, their status (independent, merged/acquired), product group and contribution to local employment and wealth creation. It considers the implications of the relative weaknesses in the system of innovation in this sector which relate to an underperformance of its firms in relation to the strength of the science base.

Keywords: Biotech sector; Sectoral systems of innovation; Regional systems of innovation; Oxfordshire; Universities (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s13132-015-0303-2

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