Karlsson, Charlie () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology) Johansson, Börje () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology) Stough, Roger (George Mason University)
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The purpose of this paper is to discuss the role of entrepreneurship and innovations for economic development in functional regions and in doing that highlighting the different conditions offered for entrepreneurship and innovations in functional regions of various sizes. In conclusion, the conditions for entrepreneurship and innovations vary substantially between functional regions, since the necessary knowledge resources tend to be local and to cluster in certain regions and not others. Functional regions with a high capacity to generate new ideas, create knowledge, organizational learning and innovations are characterized as learning regions. Large functional regions offer a large market potential and a superior accessibility to knowledge and knowledge resources and they will further develop their creative capabilities due to an accumulation of innovative and entrepreneurial knowledge.
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Length: 15 pages Date of creation: 09 Sep 2008 Date of revision: Handle: RePEc:hhs:cesisp:0144
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Find related papers by JEL classification: D21 - Microeconomics - - Production and Organizations - - - Firm Behavior M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General
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