Analyzing the impact of R&D policy on regional diversification

Tom Broekel () and Lars Mewes ()

No 1726, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: Existing studies on regional diversification highlight the importance of local path dependencies and related competences. However, little attention has been paid to other factors potentially contributing to diversification processes. Foremost, this concerns the role of R&D policy. This study investigates the relation between R&D policy and regional technological diversification in German labor market regions from 1996 to 2010. We find no evidence for proactive R&D policies, as subsidized R&D projects do not promote regional technological diversification. In contrast, R&D subsidies? allocation is rather risk-averse with subsidies being more likely allocated to already established technologies and those related to region?s technology portfolio.

Keywords: regional diversification; innovation; policy; R&D subsidies; relatedness (search for similar items in EconPapers)
JEL-codes: O31 O33 O38 R11 (search for similar items in EconPapers)
Date: 2017-09, Revised 2017-09
New Economics Papers: this item is included in nep-eur, nep-geo, nep-ino, nep-ppm, nep-tid and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1726

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