Regional Economic Growth and Open Innovation Platforms

2019 ◽  
pp. 163-184 ◽  
Author(s):  
Leyla Ayvarovna Gamidullaeva ◽  
Sergey Mikhailovich Vasin ◽  
Vardan Mkrttchian
Keyword(s):  
Economic Growth ◽  
Open Innovation ◽  
Economic Systems ◽  
Regional Innovation ◽  
Innovation Ecosystem ◽  
Regional Economic ◽  
Managerial Practices ◽  
The World ◽  
High Level ◽  
Innovation Processes

R&D is increasingly becoming globalized and implemented on a collaborative basis. It leads to the need for search of partners, resources, and ideas from outside the company. Currently authorities all over the world have a tendency to develop regional economic systems into regional innovation ecosystems. It in turn creates new challengers to the innovation intermediaries. The chapter is devoted to the search for ways to unite the innovation ecosystem concept with the theory of innovation intermediation, emphasizing specific types of innovation intermediation and fundamental mechanisms thereof, supporting incentives and the role in the innovation ecosystem. Hence, there needs to be a shift to the network organization of infrastructure that ensures a high level of participants' cooperation. Moreover, end-users of innovations are being considered as key actors in the innovation processes. The research results may be implemented into managerial practices in order to improve the competitiveness of regional economic systems.

scholarly journals Trouble in Paradise? Barriers to Open Innovation in Regional Clusters in the Era of the 4th Industrial Revolution

2020 ◽  
Vol 6 (3) ◽  
pp. 84 ◽  
Author(s):  
Marita McPhillips
Keyword(s):  
Open Innovation ◽  
Industrial Revolution ◽  
Public Support ◽  
Regional Innovation ◽  
Innovation Ecosystem ◽  
Innovation Activities ◽  
Innovation Intermediaries ◽  
Nation Wide Survey ◽  
Depth Interviews ◽  
Innovation Processes

The purpose of this paper is to provide an insight into the barriers faced by clusters as open innovation intermediaries. Literature review and an empirical study were performed, involving a nation-wide survey, case studies, and in-depth interviews with cluster actors involved in open innovation activities. This article conceptually links open innovation and clusters in the context of the fourth industrial revolution, empirically identifies barriers hindering open innovation in clusters, and indicates factors that might affect the open innovation processes in networked ecosystems. The findings confirm that the perception of barriers hindering open innovation in clusters differs between clusters already implementing open innovation and those which are still not active in this area. The findings contribute to a comprehensive understanding of the potential roles of clusters as open innovation intermediaries in the context of transitioning economies. With clusters playing a role in open innovation intermediary, public support at cluster level could increase openness to cooperation not only for member companies, but all participants in the regional innovation ecosystem.

scholarly journals Emotional Impact of Dishes versus Wines on Restaurant Diners: From Haute Cuisine Open Innovation

2021 ◽  
Vol 7 (1) ◽  
pp. 96
Author(s):  
Ana Mengual-Recuerda ◽  
Victoria Tur-Viñes ◽  
David Juárez-Varón ◽  
Faustino Alarcón-Valero
Keyword(s):  
Qualitative Research ◽  
Empirical Study ◽  
Open Innovation ◽  
Social Life ◽  
Fundamental Importance ◽  
Emotional Impact ◽  
The World ◽  
Unique Experience ◽  
General Experience ◽  
High Level

Haute cuisine is emblematic in the world of tourism and is of fundamental importance in the economic and social life in most countries worldwide. Haute cuisine gastronomic experiences play with the senses, involving the diner, thus generating a unique experience for the customer. This empirical study aims to analyze the influence on the consumer of the characteristic stimuli of a high-level gastronomic experience in a restaurant with two Michelin stars. Using neuromarketing biometrics, combined with a qualitative research technique, the objective of this research was to determine the emotional impact of the presentation and tasting of dishes compared to wines and to draw conclusions about each variable in the general experience. The results indicate that the dishes have a greater influence on the level of interest than the wines, and both have a different emotional impact at different moments of the experience due to its duration.

Illusions of Clustering: A Systematic Evaluation on the Effects of Clusters on Regional Economic Performance in Korea

2021 ◽  
pp. 016001762110187
Author(s):  
Hyunha Shin ◽  
Junseok Hwang
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Local Governments ◽  
Regression Models ◽  
Regional Growth ◽  
Systematic Evaluation ◽  
Regional Innovation ◽  
Regional Economic ◽  
Pca Method ◽  
Regional Economic Performance

Korea has pursued a cluster-based policy to increase industrial competitiveness and to alleviate development gaps between the regions. However, local governments have often oversupplied clusters without an objective examination of the demands and conditions in the regions. Based on these concerns, this study analyses effects and interdependencies of factors related to regional innovation and growth in Korea. Employing a PCA method and a GLS regression models on panel data, we generated three composite factors, social, capacity, and clustering, and estimated their effects on regional economic performance. The results show that it is important to have a favorable socio-economic setting to foster growth by clusters. In addition, cluster-based policies may have weaker effects than expected, because the effect of R&D capacity on regional growth was stronger and longer lasting. Finally, some specific elements that most affected economic growth in Korea’s regions are identified. The overall results indicate favorable environments should be established beforehand to foster regional growth with clusters, which confirms “jobs follow people.”

Innovation Dynamics Through the Encouragement of Knowledge Spin-Off From Touristic Destinations

2022 ◽  
pp. 170-190
Author(s):  
Sofia Vairinho
Keyword(s):  
New Technology ◽  
University Research ◽  
Research Centers ◽  
Regional Innovation ◽  
Innovation Ecosystem ◽  
The Public ◽  
Regional Cluster ◽  
Innovation Dynamics ◽  
Innovation Clusters ◽  
Innovation Processes

The present approach aims to explore the innovation dynamic that may lead to knowledge opportunities in a specific regional cluster characterized by a strong touristic positioning. The new technology-based companies, namely the spin-out created from university research, represent a possible and reliable approach to the economy stimulation. This said, it is mandatory to explore the topics that will allow a reflection on the networks associated with innovation processes, developed from the relations between the public universe (including universities and research centers), and the new technology or humanistic based companies. This chapter intends to be a contribution to the discussion of innovation clusters and sets the preliminary issues to discuss and implement an innovation ecosystem. This chapter explores and reflects the importance of regional innovation clusters dynamics, setting and describing the steps and specific strategical procedures in order to implement an innovation ecosystem, using as example a specific touristic territory.

scholarly journals Problematics of Secular Economic Science Prespective Ismail Raji Al-Faruqi

2020 ◽  
Vol 6 (3) ◽  
pp. 685
Author(s):  
Jarman Arroisi ◽  
Nur Hadi Ihsan ◽  
Kusuma Dewi Nur Aini
Keyword(s):  
Economic Growth ◽  
Human Life ◽  
Moral Values ◽  
Western Civilization ◽  
Economic Systems ◽  
Economic Science ◽  
Private Ownership ◽  
Free Markets ◽  
Spiritual Dimension ◽  
The World

There is no doubt that capitalism is one of the dominant economic systems today, has been transformed into a new ideology. If the beginning only revolved around free markets, unlimited private ownership, then now it is more of a new culture, lifestyle and even civilization. That dictates all aspects of human life. As a civilization, Capitalism has faced resistance from Islam. Islam, which is usually seen as only a religion, is actually more than just a religion, but includes the basic elements of a civilization. If Capitalism builds a civilization with its distinctive points regarding the theory of socio-economic growth, then Islam does not see it as a basic foundation. Today in Islam, the life of the world is always closely related to the concept of the afterlife. Meanwhile, capitalism separates morality from theology. Furthermore, Islam does not deny the need for rationality to solve the problems of world life, but the rational concept in Islam is not only limited to mathematical logic, it also involves a spiritual dimension. By using the descriptive analytical method, this study produces several important conclusions, namely: First, to overcome scientific problems that have been penetrated by secular Western civilization, Second, the development of the ideology of Capitalism has changed the human perspective in thinking resulting in a lack of moral values and secular ideology. Third, the existence of Al-Faruqi's thought which is based on Tawheed which contributes to a solution to the lack of scientific values which also affects the people's mindset. So from the research results it can be concluded that if a science is successful it will destroy all aspects of life both in terms of ideology or morals.

scholarly journals Increasing small- and medium-enterprise contribution to local and regional economic growth by assessing the institutional environment

2020 ◽  
Vol 27 (2) ◽  
pp. 259-280 ◽  
Author(s):  
Leyla A. Gamidullaeva ◽  
Sergey M. Vasin ◽  
Nicholas Wise
Keyword(s):  
Economic Growth ◽  
Organizational Behavior ◽  
Institutional Environment ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Content Type ◽  
Managerial Practices ◽  
Country Level ◽  
Geographical Regions ◽  
Medium Enterprise

PurposeA neo-institutional methodology defines the entrepreneurial environment for SMEs as a multidimensional set of interacting formal/informal institutions influencing regional economic growth. Acknowledging the multidimensional nature of SME growth, this study tests an approach to measure SME institutional environment quality through the identification of regional-level determinants.Design/methodology/approachThe method used in this paper is based on Bruns et al.’s (2017) model and is tested on 81 Russian Federation regions. The approach seeks to determine variation in entrepreneurial ecosystems based on quality and estimated marginal effects of difference across geographical regions.FindingsThe most severe obstacle to SME development in Russia is its shadow economy and corruption. Access to finance, high transportation fees, and instability in the political and economic field ranks second and third, respectively. Results suggest governments should eliminate main obstacles at country-level, which hampers the SME sector's development. While this is noted for this case looking at Russia, this is a common argument found in SME research.Practical implicationsFindings from this study are useful in managerial practice, aimed at increasing innovative development and increasing the competitiveness of Russian SMEs. A neo-institutional approach is one of the theoretical strands with the emphasis on enhanced understanding of organizational behavior and social capital, including cultural norms and beliefs.Originality/valueUtilizing an extended empirical approach to assess the institutional environment for SMEs addresses a research gap – offering novel insight on SME growth useful for policy makers. The results can inform managerial practices to increase SME contribution to economic growth.

scholarly journals APAKAH TATA KELOLA PEREKONOMIAN DAERAH DI INDONESIA TELAH MENINGKAT?

2012 ◽  
Vol 15 (1) ◽  
pp. 85-107
Author(s):  
Haryo Kuncoro
Keyword(s):  
Economic Growth ◽  
Fiscal Decentralization ◽  
Local Governance ◽  
Regional Economic Growth ◽  
Economic Governance ◽  
Regional Economic ◽  
Regional Autonomy ◽  
Low Degree ◽  
Development Goals ◽  
High Level

Governance has gone through radical changes over the last twenty five years.Seemingly, it became one of the important strategies, processes, methods and mechanisms in governing countries to achieve economic development goals. The objective of this paper is to observe the local economic governance dynamics in the case of districts/municipalities in Indonesia. First, the dynamics behavior of local governance over time is analyzed by visual inspection of their non-parametric density distribution. More deeply, we use Markov chains to predict a pattern of change in local economic governance toward its steady state. Based on comparison between 2007 and 2011 data delivered by Commission of Regional Autonomy Implementation Watch, we conclude that there is a high level of persistence in the relative position of local governance index, consistent with a low degree of mobility in the index distribution implying the implementation of governance in the districts/municipalities in Indonesia is weak enough. This finding implies that the local economic governance is a key to achieve sustainable regional economic growth in line with fiscal decentralization and regional autonomy.Keywords : Local Economic Governance, Decentralization, Regional Economic Growth, Kernel Densities, Markov ChainsJEL Classification: H70, O43, O56

The System Approach to the Organizational and Economic Mechanism of the Innovation Processes Activation of Regional Economic Systems

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Marta Derhaliuk ◽  
Olha Popelo ◽  
Svitlana Tulchynska ◽  
Oksana Lashuk ◽  
Semen Khanin
Keyword(s):  
System Approach ◽  
Innovation Process ◽  
Economic Systems ◽  
Regional Innovation ◽  
Indirect Methods ◽  
Regional Economic ◽  
Economic Mechanism ◽  
Innovation Infrastructure ◽  
Innovative Products ◽  
Direct And Indirect Methods

The study is devoted to the development of the organizational and economic mechanism for activating the innovation process of regional economic systems using a system approach. The organizational and economic mechanism of the innovation process activation of regional innovation systems means an organic set of the innovation components that provide the innovation process, as well as a set of functions, forms, methods and levers of regulation to activate it to ensure sustainable development of regional economic systems. The general components of the organizational and economic mechanism of the innovation process activation are singled out, which include: economic, social, informational, international, financial and managerial components. As well as specific components of the organizational and economic mechanism of the innovation process activation, which include: scientists, enterprises and organizations, the innovation infrastructure, consumers of innovative products. The levers of influence of the organizational and economic mechanism, which are the levers of direct and indirect state and regional influence, are considered in detail. Direct and indirect methods of the organizational and economic mechanism of the innovation process activation, as well as functions of the organizational and economic mechanism are detailed, namely: planning, motivation, stimulation, organization, control. The visualization of the organizational and economic mechanism is developed. Successive stages of the implementation of the organizational and economic mechanism of the innovation process activation are offered. In accordance with the methodology of the system approach, a recurrent ratio of the organizational and economic mechanism of the innovation process activation is developed.

scholarly journals The nature of publicly funded innovation and implications for regional growth

2018 ◽  
Vol 28 (1) ◽  
pp. 6-21 ◽  
Author(s):  
Chay Brooks ◽  
Cristian Gherhes ◽  
Tim Vorley ◽  
Nick Williams
Keyword(s):  
Economic Growth ◽  
Business Model ◽  
Regional Growth ◽  
Business Model Innovation ◽  
Regional Economic Growth ◽  
City Region ◽  
Regional Innovation ◽  
Regional Economic ◽  
Content Type ◽  
The Impact

Purpose The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness. Design/methodology/approach The paper is based on a qualitative study of Advanced Manufacturing and Advanced Materials businesses in the Sheffield City Region (UK). Interviews were conducted with 23 firms in exploring how innovation in the firm translates to innovation-led regional economic growth. Findings The paper demonstrates that there is a tendency of owner managers to focus on innovation in terms of the development of new products, processes and/or services. Many of the businesses interviewed were technologically innovative, yet there was little evidence of wider business model innovation. This, the authors conclude, stymies regional innovation and with it regional economic growth. Research limitations/implications This study is based on a case study of the Sheffield City Region and is not generalizable, but offers insights into the nature of business model innovation which are valuable in generating questions for further research. Practical implications The paper highlights the need to think of innovation in broader terms and the scope of business model innovation to not only improve the performance of firms but also regional economic growth. Originality/value Business model innovation is a growing domain of the literature, and this paper highlights how narrow interpretations of innovation may serve to limit growth business growth, and with it regional economic growth.

Sign in / Sign up

Export Citation Format

Share Document