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BL
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| Record Number
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600238
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b429457
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| Main Entry
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Grillo, Francesco,1965-
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| Title & Author
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Innovation, Democracy and Efficiency : : Exploring the Innovation Puzzle within the European Union's Regional Development Policies /\ by Francesco Grillo, Raffaella Y. Nanetti.
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| Series Statement
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Palgrave Advances in Regional and Urban Economics
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| Page. NO
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1 online resource (XVII, 237 pages).
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| ISBN
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9781137449665
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: 1137449667
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9781137449658
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| Contents
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Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; Acknowledgements; About the Authors; 1 The Challenge of Innovation Policies; 1.1 Introduction; 1.2 What innovation is, after all, and why a definition matters; 1.3 Endogenous growth theory and its impact on regional development policies; 1.4 Empirical evidence and the puzzle of innovation; 1.5 Why innovation policies may fail; 1.5.1 Crowding out of private investment; 1.5.2 Separation of innovators and administrators and the regional innovation paradox; 1.5.3 Spillover and human capital
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1.5.4 Scale and specialization1.6 Merits and limits of Smart Specialization as the new paradigm of innovation in EU regional policies; 1.7 Democracy and efficiency for success in innovation: a conceptual framework of partnerships; 1.8 Organization of the book; 2 Regional Case Studies and Institutional Settings; 2.1 Exploring the thesis: six case studies and their approach to innovation policies; 2.2 Innovation and regional policies: two different approaches; 2.2.1 Are regional innovation policies worthwhile? Two different answers
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2.2.2 How much regionalization is needed for regional policies?2.3 UK: the paradox of innovation policies in an innovation-driven economy; 2.3.1 Economic structure and research expenditure similarities and differences: university system capabilities; 2.3.2 Welsh Development Agency and Wales as tiger economy of the 1990s; 2.3.3 The reversal of fortune after 2000; 2.4 Spain: innovation policies as a redistributive tool; 2.4.1 The advantage of having no alternative but to invest in innovation; 2.4.2 The difference in terms of leadership potential
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2.5 Comparing and contrasting institutional settings3 Innovation and the Puzzle of Devolution in the UK; 3.1 Three development policies and an institutional puzzle; 3.2 Differences in policy performance: 2000-2013; 3.2.1 Design of development and innovation strategies; 3.2.2 Capacity to make choices; 3.3 Devolution, centralization and innovation; 3.3.1 Wales: a failed devolution; 3.3.2 Yorkshire: a development strategy led by technocrats; 3.3.3 Scotland: conditions for successful decentralization; 3.3.4 Discontinuity of smart specialization
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3.4 Conclusions: appropriate institutional levels for successful innovation strategies4 Spain and Innovation as a Political Imperative; 4.1 A country defined by nationalism and autonomy; 4.2 Differences in performance; 4.2.1 The design of development and innovation strategies; 4.2.2 The making of choices; 4.3 Efficiency and democracy: the relationship revisited and affirmed; 4.3.1 Murcia: the risk of a cost-based economic development strategy; 4.3.2 Castilla y León: merits and limits of the centralized approach to innovation; 4.3.3 País Vasco: a pioneer of smart specialization
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| Abstract
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Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show a weak correlation between R&D expenditure and the acceleration of economic growth. Regional innovation policies display divergent returns according to different institutional conditions and policy choices. Grillo and Nanetti attempt to understand the reasons that lie behind differences in performance. Their results show that better performing innovation strategies require the following factors: clear choices of locally congruent smart specialization; strong capacity of public investment to stimulate additional private investment; clear distribution of responsibilities for decision-making and independence of policy implementation from political interference; and problem solving partnerships amongst innovators, universities, and governments that pre-exist the programmes. These factors point to a relationship between democracy (defined as openness of policy-making) and innovation (as technology-enabled growth) which is explored throughout this book
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| Subject
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Corporate governance.
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Democracy.
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International economic relations.
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Development economics.
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Urban economics.
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Economic development.
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Economics.
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Development Economics.
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International Economics.
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Corporate Governance.
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Regional Development.
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Urban Economics.
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| Dewey Classification
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338
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| LC Classification
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HC240.9.T4
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| Added Entry
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Nanetti, Raffaella
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| Added Entry
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Ohio Library and Information Network.
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