Regional Knowledge Economies
Show Less

Regional Knowledge Economies

Markets, Clusters and Innovation

  • New Horizons in Regional Science series

Philip Cooke, Carla De Laurentis, Franz Tödtling and Michaela Trippl

This original and timely book presents the most comprehensive, empirically based analysis of clustering dynamics in the high-technology sector across liberal and co-ordinated market economies.
Buy Book in Print
Show Summary Details

Chapter 3: Knowledge-based Sectors: Key Drivers of Innovation and Modes of Knowledge Exchange

Philip Cooke, Carla De Laurentis, Franz Tödtling and Michaela Trippl

Extract

3. Knowledge-based sectors: key drivers of innovation and modes of knowledge exchange INTRODUCTION In the previous chapter we have investigated what the knowledge economy is, pointing out that it combines an increasing importance of knowledge as input, an increasing share of sectors where knowledge constitutes an output, and a stronger role of codified knowledge as well as of ICT in the process of generation and application of knowledge. In a dynamic way the knowledge economy can also be characterized by the exploitation of existing and new knowledge in order to create more new knowledge. The empirical evidence that is available so far has demonstrated that the European countries, in fact, have been moving towards knowledge economies in terms of inputs, outputs and the use and application of ICT. However, such a move has occurred with different speed within Europe and in most countries it is slower than in the USA. There are also considerable regional imbalances involved since knowledge-based industries tend to cluster in specific regions, cities or clusters. In this chapter we look more closely at those sectors where knowledge is both an important input and output. We first deal with the key actors and drivers for the development of knowledge-based sectors and of innovation. An important role is held by the science sector and universities, but of course ultimately the companies are key actors responsible for the application and commercialization of knowledge. These may be large and global firms with large R&D budgets and...

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.


Further information

or login to access all content.