scholarly journals Club Convergence in R&D Expenditure across European Regions

2022 ◽  
Vol 14 (2) ◽  
pp. 832
Author(s):  
Tomasz Kijek ◽  
Arkadiusz Kijek ◽  
Anna Matras-Bolibok
Keyword(s):  
Factor Model ◽  
Regional Growth ◽  
Policy Implications ◽  
High Tech ◽  
European Regions ◽  
Regional Innovation ◽  
Club Convergence ◽  
Convergence Clubs ◽  
Club Membership ◽  
Knowledge Intensive

The increasing disparities between European regions constitute a great challenge for sustainable development and require identification of the factors responsible for this process. Given the substantive role of R&D in shaping innovativeness and economic development, understanding its dynamics and spatial patterns can provide new insights into regional growth prospects. Although prior studies have investigated the patterns of innovation convergence, apparently none has attempted to test the convergence club hypothesis in R&D expenditure in the European regional scope. Therefore, the present study aims to fill this gap. The paper aims at examining the convergence path of R&D expenditure across European regions and at identifying the factors conditioning club membership. Data were retrieved from Eurostat’s regional database and Regional Innovation Scoreboard datasets over 2008–2018. Employing a nonlinear time-varying factor model, we reveal that R&D expenditure in the examined regions follows the pattern of club convergence. The results of our research allow to identify five convergence clubs characterised by distinct disparities in the R&D expenditures. We also demonstrate that the emergence of the identified convergence clubs might be attributable to the initial differences in human capital, external knowledge embedded in patents and technological structures across regions as measured by employment in medium-high and high-tech manufacturing and knowledge-intensive services. These results provide policy implications in terms of the formulation and implementation of more tailored innovation policies, based on smart development and specialisation strategies. The presence of business R&D convergence clubs requires shifting EU policy actions towards a more sustainable model promoting both the advantages of the strongest regions and the development opportunities in less-developed ones.

scholarly journals Efficiency of regional innovation policy tools: Support of innovative business in the South Moravian Region

Ergo ◽  
2018 ◽  
Vol 13 (2) ◽  
pp. 15-19
Author(s):  
Miroslav Kostić
Keyword(s):  
Regional Economy ◽  
Innovation Policy ◽  
Growth Dynamics ◽  
Business Environment ◽  
High Tech ◽  
Highly Qualified ◽  
The South ◽  
Regional Innovation ◽  
Knowledge Intensive ◽  
South Moravia

AbstractDuring 15 years of implementation of the Regional Innovation Strategy of South Moravia, the support of innovative business evolved into a set of interconnected programmes for startups and innovative companies with a potential of growth and foreign expansion. Programmes of the South Moravian Innovation Centre (JIC) facilitate creation and development of technology oriented companies in the region, highly concentrated in prioritised high-tech branches corresponding with specialisation of the regional economy (IT, mechanical engineering etc.). Growth of highly qualified jobs (mainly in R&D) in these companies contributes to the increasing orientation of the region on knowledge intensive branches of economy. Emerging companies supported by the JIC show in average a longer lifespan and growth dynamics than comparable newly established companies in the region without this support. Realisation of the programmes also significantly contributes to building of high quality business environment in the region. Problematic aspects of support to innovative business in the South Moravian Region are linked mainly with poor network of investors able to stimulate faster growth of startups, with low motivation of university students to start their own business or with emerging dichotomy in the support of knowledge intensive businesses concentrated in Brno and insufficiently supported businesses with lower knowledge intensity, also operating in priority branches of the regional economy.

Common Trajectories of Regional Competitiveness in the Knowledge Economy

2006 ◽  
Vol 20 (6) ◽  
pp. 387-401 ◽  
Author(s):  
Maria Sole Brioschi ◽  
Lucio Cassia
Keyword(s):  
Considerable Increase ◽  
Innovation System ◽  
Significant Shift ◽  
European Regions ◽  
Territorial Development ◽  
Regional Innovation ◽  
Regional Competitiveness ◽  
Success Stories ◽  
Industrial Sectors ◽  
Knowledge Intensive

This paper analyses a number of European regions which, in the last two decades, have exhibited a significant shift towards knowledge-intensive industrial sectors coupled with a considerable increase in competitiveness and growth. The analysis identifies the main factors of territorial development behind each regional renewal process and captures a number of common trajectories of regional competitiveness. Interestingly, all the regional ‘success stories' are strongly dependent on the presence of a tri-polar regional innovation system that glues together firms, government institutions and academia.

scholarly journals Panel analysis of the creation of new KIBS in Spain: The role of manufacturing and regional innovation systems (RIS).

2020 ◽  
Vol 48 ◽  
pp. 37-50
Author(s):  
Eduardo Sisti ◽  
Arantza Zubiaurre Goena
Keyword(s):  
Regional Growth ◽  
Empirical Literature ◽  
Regional Innovation Systems ◽  
Regional Innovation ◽  
Business Services ◽  
Economic Changes ◽  
Different Types ◽  
The Creation ◽  
Knowledge Intensive

AbstractTerritorial servitization is a topic of interest due its impact on regional growth and innovation. Considering that the formation of new KIBS is a good indicator of such TS process and with the aim of contributing to the empirical literature on this topic, this study analyses to what extent the ‘manufacturing quality’ and ‘innovation environment’ profiles determined the different types of new knowledge intensive business services (KIBS).  The research tackles the creation of new KIBS in 17 Spanish regions for the period 2000 to 2016 in the respective regions. The results reveal that new KIBS were deeply affected by economic changes that happened as a result of the great 2008 crisis and some KIBS categories are more affected by the techno-economic environment than others.

Regional Convergence-clubs and Dynamic Externalities

2010 ◽  
pp. 41-67
Author(s):  
Stilianos Alexiadis
Keyword(s):  
Regional Growth ◽  
Spatial Dimension ◽  
Advanced Technology ◽  
Spatial Proximity ◽  
Club Convergence ◽  
Adoption Of Technology ◽  
Convergence Clubs ◽  
Time Period ◽  
Close Spatial Proximity ◽  
The Impact

This paper reports an attempt to investigate the extent of club-convergence amongst the prefectures of Greece during the time period 1980-2005. A model is developed in an attempt to assess the impact of agglomerations and regional capacities on the innovation and adoption of technology. Empirical application of this model suggests that adoption of technology and diversity in a region's economic structure are of critical importance in determining a club-convergence pattern. In addition, it is established that there is a significant spatial dimension to regional growth and that club-members are in close spatial proximity. One straightforward policy implication is that regional policies should provide the appropriate infrastructure in lagging regions so that they adopt advanced technology. . Convergenza-club regionale ed esternalitŕ dinamiche (Articolo ricevuto, giugno 2008; in forma definitiva, gennaio 2009)

scholarly journals The Patterns of Energy Innovation Convergence across European Countries

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2755
Author(s):  
Tomasz Kijek ◽  
Arkadiusz Kijek ◽  
Piotr Bolibok ◽  
Anna Matras-Bolibok
Keyword(s):  
Climate Change ◽  
Emerging Economies ◽  
Factor Model ◽  
Policy Implications ◽  
European Countries ◽  
Environmental Research ◽  
Mitigation Potential ◽  
Convergence Clubs ◽  
Energy Innovation ◽  
Change Mitigation

Energy innovation is critical for addressing climate change and the ecological transitions of both developed and emerging economies. The present paper aims at the identification and assessment of patterns in energy innovation convergence across a sample of 27 European countries over the period 2000–2018. The research is based on data covering a broad category of patents related to climate change mitigation technologies in the energy sector, including combustion inventions with mitigation potential (e.g., using biomass), extracted from the Organisation for Economic Co-operation and Development (OECD) Statistical Database. Using a nonlinear time-varying factor model, the paper demonstrates that energy innovation efforts in the examined sample follow a pattern of club convergence. The findings allow the identification of three convergence clubs characterised by distinct disparities in energy patent intensity, as measured by the number of patent applications per 10 million inhabitants. Moreover, the results of an ordered logit model demonstrate that the emergence of the identified convergence clubs might be attributable to initial differences in per capita environmental research and development (R&D) expenditure, human resources in science and technology (HRST), and environmental policy stringency. The findings have important policy implications as they suggest the need for more tailored policies based on smart development and specialization frameworks designed to boost the energy innovation performance of the laggard countries, more fully exploiting the potential of their less technologically advanced sectors, such as agriculture.

scholarly journals Innovation Vouchers and the Sustainable Growth of High-Tech SMEs: Evidence from China

2021 ◽  
Vol 13 (20) ◽  
pp. 11176
Author(s):  
Di Tian ◽  
Xiaohan Guo ◽  
Peng Wang
Keyword(s):  
Financial Performance ◽  
Sustainable Growth ◽  
Policy Implications ◽  
High Tech ◽  
Small And Medium Enterprise ◽  
Important Policy ◽  
The World ◽  
Medium Enterprise ◽  
Knowledge Intensive ◽  
The Relationship

Innovation has become an essential source of sustainable growth for most firms, especially small- and medium-sized enterprises (SMEs). Governments around the world widely implement innovation vouchers to promote innovation in SMEs. This study empirically explores the effects of innovation vouchers in stimulating patentable innovation and ultimately enhancing firms’ financial performance. Using a panel of 1274 listed SMEs from the Small and Medium Enterprise Board (SMEB) and the Growth Enterprise Board (GEB), we find that innovation vouchers lead firms to utilize knowledge-intensive services and significantly increase their financial performance. We further document that patentable innovations mediate the relationship between innovation vouchers and firms’ financial performance. We report that the effects of innovation vouchers on financial performance are more prominent for SMEs with limited external informational resources. We believe that our study yields novel evidence and sheds further light on the important policy implications of innovation vouchers to facilitate the sustainable growth of SMEs.

scholarly journals A networking culture to benefit from open innovation - a comparison between technology and business services industries in The Netherlands

2015 ◽  
Vol 3 (2) ◽  
pp. 71-105 ◽  
Author(s):  
Peter Prud'homme van Reine
Keyword(s):  
The Netherlands ◽  
Open Innovation ◽  
Innovation System ◽  
Policy Implications ◽  
Regional Innovation ◽  
Business Services ◽  
Technology Industry ◽  
Promising Tool ◽  
Innovation Strategies ◽  
Knowledge Intensive

This paper aims to improve our understanding of why some companies are more successful in implementing open innovation strategies than others, by building a framework of capabilities required to benefit from open innovation. It argues that companies can benefit from open innovation when they have the capabilities to connect closed and open approaches to innovation. This requires building a culture conducive to developing networking capabilities. In the article, a comprehensive set of networking capabilities is developed intended as an analytical tool to evaluate to what extent companies are equipped to benefit from open innovation. As a first step to further validating the framework, empirical research has been carried out in The Netherlands to compare networking capabilities of companies in the technology industry and in the knowledge intensive business services sector. The results indicate that according to the framework, technology companies are in the lead in benefiting from open innovation, which may be explained by their previous experience in innovation networking. The results suggest that the networking capabilities framework is a promising tool for analysis that can help companies to become better equipped to jointly create value and capture value in innovation networks. The research has policy implications for regions as well, because it indicates that regional open innovation strategies need to address the development of networking capabilities of companies and other actors in the regional innovation system.

scholarly journals Common Frameworks for Regional Competitiveness: Insights from a Number of Local Knowledge Economies

2009 ◽  
pp. 19-43
Author(s):  
Maria Sole Brioschi ◽  
Lucio Cassia ◽  
Alessandra Colombelli
Keyword(s):  
Innovation System ◽  
Transformation Process ◽  
Jel Classification ◽  
Policy Implications ◽  
High Tech ◽  
Local Policy ◽  
Regional Innovation ◽  
Regional Competitiveness ◽  
Italian Regions ◽  
Knowledge Economies

- In this paper we analyse the innovative capacity of the most productive and most industrialised Italian regions by comparing them with a set of European regions that in the past two decades followed an industrial restructuring path towards knowledgebased sectors, doing so via the formation of a Regional Innovation System. Even though the European benchmarking regions now specialise in high-tech sectors and are characterised by high innovative activity, they share an industrial past based on heavy and traditional industries. In this respect, the two groups of regions are not so different in nature, and comparing them yields strategic insights for the Italian regional transformation process and suggests interesting local policy implications.Keywords: Knowledge economies, regional development, regional innovation systems.Parole chiave: economie della conoscenza, sviluppo regionale, sistemi regionali d'innovazioneJEL classification: R11, R58.

High-tech business in crisis conditions: development trends of large, medium and small enterprises

2020 ◽  
Vol 18 (4) ◽  
pp. 48-58
Author(s):  
Vladislav V. Spitsyn ◽  
Alexander A. Mikhal'chuk ◽  
Anastasia A. Bulykina ◽  
Svetlana N. Popova ◽  
Irina E. Nikulina
Keyword(s):  
Small Businesses ◽  
Negative Impact ◽  
Service Industries ◽  
High Tech ◽  
Small Enterprises ◽  
Mathematical Methods ◽  
Crisis Period ◽  
Knowledge Intensive ◽  
Crisis Conditions ◽  
Medium And Small Enterprises

Leading world countries view innovative development and high-tech business as an opportunity to overcome economic stagnation and decline in economic growth. One of the modern trends in the analysis of high-tech development is the study of high-tech knowledge-intensive service industries and their development in times of crisis. The purpose of the paper is to identify patterns of development of large, medium and small enterprises in high-tech service industries in Russia during periods of crisis. Economic and economic-mathematical methods of analysis are applied to the formed samples of enterprises. The research period is 2013-2017. The financial indicators of enterprises were adjusted for the level of accumulated inflation in relation to 2013. According to results, large and medium-sized enterprises showed insignificant or weak significant positive dynamics of revenue during all years of the crisis period. The crisis period did not lead to a decrease in the revenue of these groups of enterprises. The acute phase of the crisis (2014-2015) had a pronounced negative impact on the group of small enterprises in all studied industries, but they successfully recovered in 2016-2017 and reached the pre-crisis level of revenue. The total revenue by industries and groups of enterprises in 2017 became higher than in 2013, and its growth rates were significant for many groups of enterprises, which indicates a successful overcoming of the crisis period and signs of growth in high-tech service industries. Our study shows the need for state support for small businesses in high-tech service industries in crisis conditions, and identifies the possibilities of adaptation of enterprises in these industries to an unfavorable external environment. Our results may be useful for the purposes of government stimulation of economic development in the current environment.

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