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This open access book explores the role of innovation in technological convergence processes in the EU regional space and shifts the focus from absolute and conditional income convergence to technological convergence and its determinants. Presenting new theoretical and empirical evidence on the determinants and trajectory of the EU region’s development and convergence, this book will appeal to scholars of economics and regional science, as well as practitioners and policymakers interested in the policy implications of regional technological convergence. The presented findings will also contribute to the development of the knowledge-based economy paradigm in the regional context. This is an open access book.
The Regional Economics of Technological Transformations provides a comprehensive overview of 4.0 technological transformations in Europe and their socio-economic impact, with a particular emphasis on the regional dimension of the phenomena. The authors employ extensive original data and robust quantitative methods to analyse technological change in all regions of the 27 EU countries plus the UK and shed light on this trend for Europe and beyond. Structured in four parts, the book first looks at conceptual definitions, empirical measurements and expected impacts on both the economic performance (GDP and productivity growth) and the labour market, and then moves on to analyse where 4.0 technological transformation actually takes place in Europe and the reasons for this. Next, it offers original empirical evidence on the impacts of the different transformations, and of their intertwined effects, on both the economy and the society. Finally, the book explores the policy implications of this technological transformation. This book will be valuable reading for advanced students, researchers and policymakers working across regional economics, industrial economics and innovation policy. It will be of primary interest to regional scientists interested in the field, who may enjoy the conceptual and empirical solutions to the study of a very complex, timely and still largely unexplored theme. Sociologists, engineers and political economists can benefit from the book’s analysis, noting the urgency of the development of new ethical rules governing the new digital and labour markets. Finally, the book may appeal to policymakers interested in opportunities to increase regional competitiveness and sustainability goals through the advent of 4.0 technologies.
The book provides conceptual and empirical insights into the complex relationship between knowledge flows and regional growth in the EU. The author critically scrutinizes and enhances the RIS (Regional Innovation System) approach, discussing innovation as a technological, institutional and evolutionary process. Moreover, she advances the ongoing discourse on the role of space and technological proximity in the process of innovation and technological externalities. The book closes with an investigation of the role of technological change and knowledge spillovers in the dynamic growth and “catching-up” of EU regions. ​
The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This book elaborates and applies the theoretical framework established in the author’s previous work Endogenous Innovation: The Economics of an Emergent System Property. This volume carefully explores the role of the reactivity of firms to out-of-equilibrium conditions. It also examines the quality of knowledge governance mechanisms in assessing the levels of externalities that define the likelihood of creative responses, as an alternative to adaptive responses.
Contemporary capitalistic systems have been undergoing profound transformations determined by the transition towards the so-called knowledge based economy, i.e. a competitive system based on the capabilities firms have to create, use and circulate knowledge. These transformations concern both the characteristics of productive and innovative processes, and the resources used in these activities. This book captures these changes, where traditional R&D investments undertaken internally by firms are increasingly and strategically complemented by external sources of innovation and new knowledge. Collaborations between firms, and between firms and other organizations, as well as the mobility of human capital, are strategic processes in order to share and circulate knowledge and competencies. They are also key determinants in the creation of new knowledge and innovation, and ultimately in growth dynamics. The circulation and distribution of knowledge is now a key input in the production of knowledge. Knowledge and innovation are understood as the result of collective and interactive processes at the system level, and less at the micro level. In other words, new knowledge production is less and less the result of individualistic behaviours of the firms and much more the effect of explicit and pro-active interactions and transactions put in place by local networks of innovators. In this perspective, economic space is much more defined by the quality of the interactions among actors rather than by their mere technological, sectoral or geographical proximity. This book brings together new conceptual and empirical contributions and blends the analysis of the technological and geographical spaces in which innovation and knowledge are produced.
Examining the increasingly relevant topic of public sector efficiency, this dynamic Handbook investigates the context of constrained fiscal space and public funding sources using cross-country datasets in areas including China, India and sub-Saharan Africa and OECD economies.
This book presents a range of recent advances concerning industrial restructuring strategies, industrial organization, industrial policy, departmental economic research, industrial competitiveness, regional industrial structure, national industrial economic security theory and empirical research. Successfully combining theory and practice, the book gathers the outcomes of the “6th International Conference on Industrial Economics System and Industrial Security Engineering”, which was held at the University of Maryland, USA.
The notion of proximity is increasing in popularity in economic and geographic literature, and is now commonly used by scholars in regional science and spatial economics.
The book contains a selection of papers on business clusters in its multiple perspectives. It has evolved from the research symposium organized by the The Society for Global Business and Economic Development (SGBED), an international group of academicians, at Dubai during January 2009. It begins with an introduction to the concept of clusters, and then examines their link to a host of strategic issues, such as their nexus to competitive advantage, their performance vis-à-vis their competitors who are not similarly agglomerated, and the challenges in measuring the performance of clusters. Regional economic clusters have serious policy implications. Governments, local as well as national, have used clusters as the unit for investment and infrastructure upgrading policies. It focuses on the normative aspects as well as practices and provides pointers on how public policies can help the development and growth of regional economic clusters. With numerous examples and cases from a host countries such as Dubai, Mexico, Spain and Karnataka (India), the book is a must read for all students of business strategy.