Knowledge, Creativity and Regional Development
AbstractThe understanding of economic development in regions in developed countries has gone through a fundamental change during recent decades. Nowadays, regions are increasingly looked upon as independent, dynamic market places that are connected via flows of interregional and international trade. Regional development is driven by changes in the economic specialisation, which can be explained by two different, but complementary theoretical frameworks for analysing location and trade, one old and one new.The old theoretical framework assumes that changes in the economic specialisation of regions depend upon changes in the supply of durable and semi-durable regional characteristics. The new theoretical framework, known as the new economic geogra¬phy, assumes that changes in the economic specialisation of regions are driven by the dynamic interaction between regional market potentials and rational firms experienc¬ing increasing returns. In their pure form, these theoretical frameworks can explain changes in regional economic specialisation and consequently regional develop¬ment without any reference to knowledge creation and other changes in knowledge assets. This is certainly a bit odd for a period of history often referred to as the era of the knowledge economy. So, does knowledge have no role to play as a force driving re¬gional spe¬cialisation and regional development? Or, is it so that the traditional “knowledge free” explanations of changes in regional specialisation and regional de¬velopment are missing important points? In this paper, we claim that knowledge infrastructure, human capital, talent, creativ¬ity, knowledge generation, knowledge protection, knowl¬edge accumulation, knowl¬edge appropriation, knowl¬edge flows, etc. as well as the creative use of knowledge are basic drivers of the spe¬cialisation of regions and hence of regional development. The purpose is to discuss the role of knowledge and talent in regional de¬velopment seen in both a regional and a global context.
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Bibliographic InfoPaper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 148.
Length: 32 pages
Date of creation: 13 Oct 2008
Date of revision:
Contact details of provider:
Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/
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creativity; knowledge; innovation; regional development;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-10-21 (All new papers)
- NEP-CSE-2008-10-21 (Economics of Strategic Management)
- NEP-GEO-2008-10-21 (Economic Geography)
- NEP-HRM-2008-10-21 (Human Capital & Human Resource Management)
- NEP-KNM-2008-10-21 (Knowledge Management & Knowledge Economy)
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