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Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries

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  • Casper, Steven

    (Assistant Professor, Keck Graduate Institute of Applied Life Sciences)

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    Abstract

    Through the 1990s and early 2000s the strength of the United States economy has been linked to its ability to foster large numbers of small innovative technology companies, a few of which have grown to dominate new industries, such as Microsoft, Genentech, or Google. US technology clusters such as Silicon Valley have become tremendous engines of innovation and wealth creation, and the envy of governments around the world. Creating Silicon Valley in Europe examines trajectories by which new technology industries emerge and become sustainable across different types of economies. Governments around the world have poured vast sums of money into policies designed to foster clusters of similar start-up firms in their economies. This book employs careful empirical studies of the biotechnology and software industries in the United States and several European economies, to examine the relative success of policies aimed at cultivating the 'Silicon Valley model' of organizing and financing companies in Europe. Influential research associated with the 'varieties of capitalism' literature has argued that countries with liberal market orientations, such as the United States and the United Kingdom, can more easily design policies to cultivate success in new technology industries compared to countries associated with organized economies, such as Germany and Sweden. The book's empirical findings support the view that national institutional factors strongly condition the success of new technology policies. However, the study also identifies important cases in which radically innovative new technology firms have thrived within organized economies. Through examining case of both success and failure Creating Silicon Valley in Europe helps identify constellations of market and governmental activities that can lead to the emergence of sustainable clusters of new technology firms across both organized and liberal market economies.

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    Bibliographic Info

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    This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199269525 and published in 2007.

    ISBN: 9780199269525
    Order: http://ukcatalogue.oup.com/product/9780199269525.do
    Handle: RePEc:oxp:obooks:9780199269525

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    Cited by:
    1. E. Stam & J.G. Lambooy, 2012. "Entrepreneurship, Knowledge, Space, and Place: Evolutionary Economic Geography meets Austrian Economics," Working Papers 12-11, Utrecht School of Economics.
    2. D.B. Audretsch & A.R. Thurik, 2010. "Unraveling the Shift to the Entrepreneurial Economy," Tinbergen Institute Discussion Papers 10-080/3, Tinbergen Institute, revised 02 Apr 2011.
    3. Koen Frenken & Elena Cefis & Erik Stam, 2013. "Industrial dynamics and clusters: a survey," Working Papers 13-11, Utrecht School of Economics.
    4. Erik Stam, 2009. "Entrepreneurship, Evolution and Geography," Papers on Economics and Evolution 2009-07, Philipps University Marburg, Department of Geography.
    5. Aggarwal, Raj & Berrill, Jenny & Hutson, Elaine & Kearney, Colm, 2011. "What is a multinational corporation? Classifying the degree of firm-level multinationality," International Business Review, Elsevier, vol. 20(5), pages 557-577, October.
    6. E. Stam & R. Martin, 2012. "When High Tech ceases to be High Growth: The Loss of Dynamism of the Cambridgeshire Regio," Working Papers 12-10, Utrecht School of Economics.
    7. Valérie Revest & Alessandro Sapio, 2012. "Financing technology-based small firms in Europe: what do we know?," Small Business Economics, Springer, vol. 39(1), pages 179-205, July.
    8. DiVito, Lori, 2012. "Institutional entrepreneurship in constructing alternative paths: A comparison of biotech hybrids," Research Policy, Elsevier, vol. 41(5), pages 884-896.
    9. Herrmann, Andrea M. & Peine, Alexander, 2011. "When 'national innovation system' meet 'varieties of capitalism' arguments on labour qualifications: On the skill types and scientific knowledge needed for radical and incremental product innovations," Research Policy, Elsevier, vol. 40(5), pages 687-701, June.
    10. Koen Frenken & Elena Cefis & Erik Stam, 2011. "Industrial dynamics and economic geography: a survey," Eindhoven Center for Innovation Studies (ECIS) working paper series 11-07, Eindhoven Center for Innovation Studies (ECIS).

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