Edited by Richard Shearmu, Christophe Carrincazeaux and David Doloreux
Chapter 17: Regional economic development: institutions, innovation and policy
AbstractThe spatial dynamics of regional innovation cannot be explained by the locational decisions of firms and workers alone. Globalization continues to put primacy on the relationship between public policy and the economic competitiveness of regions. Policy makers across the Organisation for Economic Co-operation and Development (OECD) countries are preoccupied with ways to encourage knowledge-intensive regional growth, not just in places where it is already well established but also in those struggling for reinvention. Largely resourced by public policy, a complex mix of formal and informal institutions shapes the context in which much economic activity occurs. This chapter brings institutions ‘in’ to the discussion of regional economic development, drawing analytical attention to the multi-level nature of economic innovation and how the interplay among different levels of government and multiple public and private sector actors shapes regional development trajectories. The three intersecting themes of governance, scale and agency provide an analytical framework for examining the ways in which ‘top-down’ multi-level institutional structures and ‘bottom-up’ associational governance dynamics enable and constrain regional restructuring and innovation. Following a conceptual overview of the New Regionalism, we offer brief policy illustrations of these ‘ideas in action’, highlighting selected regional innovation programmes underway in the European Union, the United States, and Canada, three jurisdictions long known for government engagement with problems of regional decline and renewal.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.