Institutions, smart specialisation dynamics and policy
- 16 November 2015
- journal article
- research article
- Published by SAGE Publications in Environment and Planning C: Government and Policy
- Vol. 34 (1) , 22-37
Abstract
Smart specialisation features prominently in the European regional policy context. This paper discusses how the configuration of the regional institutional framework affects smart specialisation dynamics and policy. It elaborates why and how institutional diversity and integration promote entrepreneurial discovery processes, spillovers and agglomeration effects, and thereby structural change in regions. Policy challenges arising from the regional institutional framework are identified, discussed and related to well-researched system failures of regional innovation systems.Keywords
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