Evolution of innovation policy in Emilia-Romagna and Valencia: Similar reality, similar results?
AbstractThis paper examines the evolution of regional innovation policy in Emilia-Romagna, and Valencia, regions with similar economic features that implemented similar innovation policies in the 1970s and 1980s. We investigate whether their similarities have led to similar targets, policy tools and governance developments. We show that innovation policy in both regions suffered from the effects of privatization, budget constraints and changes to manufacturing during the 1990s and highlight the consequences. Although Emilia-Romagna experienced deeper change to its innovation policy, privatizations and/or the replacement of public funds promoted commercial approaches and induced market failures in both regions. The worst effects of these policies were the implementation of less risky innovation projects, the shift towards extra-regional projects and markets, and the favouring of large firms.
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Bibliographic InfoPaper provided by INGENIO (CSIC-UPV) in its series INGENIO (CSIC-UPV) Working Paper Series with number 201210.
Date of creation: 29 Nov 2012
Date of revision:
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Postal: Ciudad Politécnica de la Innovación, Edificio *E 4o planta, 46022 Valencia
Phone: +34 963 877 048
Fax: +34 963 877 991
Web page: http://www.ingenio.upv.es/
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innovation policy; industrial district;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-10 (All new papers)
- NEP-GEO-2012-12-10 (Economic Geography)
- NEP-INO-2012-12-10 (Innovation)
- NEP-KNM-2012-12-10 (Knowledge Management & Knowledge Economy)
- NEP-PPM-2012-12-10 (Project, Program & Portfolio Management)
- NEP-SBM-2012-12-10 (Small Business Management)
- NEP-URE-2012-12-10 (Urban & Real Estate Economics)
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