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Frank van Oort and Mark Thissen

Analysing regional competitiveness by benchmarking regions on various indicators is a common practice. However, such rankings of regions are not based on actual competition; instead, they compare a set of regions on various indicators. This chapter benchmarks regions using a measure for revealed competition based on product-specific spatial market overlap on firms’ export markets, on knowledge cooperation among scientists, and on the attraction of foreign direct investment (FDI). This analysis shows that this revealed competition is not only spatially different for these three types of competition, but that it is also region- and market-specific. This confronts policymakers with complicated place-based decisions concerning investments aimed at enhancing a region’s competitive position in Europe, which is far more complicated than suggested by existing benchmarking exercises. The chapter illustrates this with the example of the city of Utrecht, which is currently the most competitive region according to the European Regional Competitiveness Index.

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Acknowledgements

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Introduction

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Regional economic development and competitiveness

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Clustering and specialization in European regions

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Revealed competition in European regions

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Dynamics in revealed regional competition between firms in Europe

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Conclusion: one size fits only one in place-based regional policy

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs

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Appendix: European regional trade flows

Place-based Development in International Economic Networks

Mark Thissen, Frank van Oort, Dario Diodato and Arjan Ruijs