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System failures and regional innovation policy

Alberto Marzucchi

No 1019, Openloc Working Papers from Public policies and local development

Abstract: Although many recent contributions have directly analysed the different types of failures that might affect the systems of innovation it is still quite unclear how the system-failures framework can be applied at the regional level. This paper tries to fill this gap and in particular it investigates whether and how the system-failures framework, based on evolutionary and system perspectives, can guide the regional policy-maker intervention. The paper shows that the reach of the regional level of policy-making depends on the characteristics of the regional innovation system in terms of financial autonomy, institutional competences and knowledge base.

Date: 2010
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