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Innovation strategies for SMEs and clusters: the challenges of a globalised Europe

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  • Massimo FLORIO

    ()

  • Emanuele OZZIMO

    ()

Abstract

In this paper we discuss the challenges for the European SMEs facing increased global competition, and how it is possible to design innovative strategies through the new Regional Competitiveness and Employment Objective. First, the paper offers an assessment of the importance of SMEs in the EU context and particularly in the regions concerned by the new objective. Second, the paper will discuss how globalisation poses a serious thread to this development pattern. Third, we briefly explain why further labour market and product liberalisation policies probably have a limited potential. Fourth, there is a wide empirical literature, and a lot of practical experience, on innovation strategies for SMEs and clusters in Europe. The paper will offer a critical assessment of these findings and will suggest how to make the best use of the limited, but critical, resources available under the new Regional Competitiveness Objective.

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Bibliographic Info

Paper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2006-16.

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Date of creation: 30 Jun 2006
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Handle: RePEc:mil:wpdepa:2006-16

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Keywords: EU Structural funds; SMEs; Clusters; Innovation strategies;

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  1. David B. Audretsch & Roy Thurik, 2001. "Linking Entrepreneurship to Growth," OECD Science, Technology and Industry Working Papers 2001/2, OECD Publishing.
  2. D.B. Audretsch & M.A. Carree & A.R. Thurik, 2001. "Does Entrepreneurship reduce Unemployment?," Tinbergen Institute Discussion Papers 01-074/3, Tinbergen Institute, revised 24 Oct 2008.
  3. Roy Thurik, 2003. "Entrepreneurship and Unemployment in the UK," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(3), pages 264-290, 08.
  4. Bengt-ake Lundvall & Bjorn Johnson, 1994. "The Learning Economy," Industry and Innovation, Taylor & Francis Journals, vol. 1(2), pages 23-42.
  5. Audretsch, David B & Thurik, A R Roy, 2000. "Impeded Industrial Restructuring: The Growth Penalty," CEPR Discussion Papers 2648, C.E.P.R. Discussion Papers.
  6. Tor Jakob KLETTE & Astrid MATHIASSEN, 1996. "Job Creation, Job Destruction and Plant Turnover in Norvegian Manufacturing," Annales d'Economie et de Statistique, ENSAE, issue 41-42, pages 97-125.
  7. Parto, Saeed & Doloreux, David, 2004. "Regional Innovation Systems: A Critical Synthesis," UNU-INTECH Discussion Paper Series 17, United Nations University - INTECH.
  8. Broersma, Lourens & Gautier, Pieter, 1997. " Job Creation and Job Destruction by Small Firms: An Empirical Investigation for the Dutch Manufacturing Sector," Small Business Economics, Springer, vol. 9(3), pages 211-24, June.
  9. repec:att:wimass:8904 is not listed on IDEAS
  10. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131, December.
  11. David B. Audretsch & A. Roy Thurik, 1999. "Innovation, Industry Evoluation and Employment," Tinbergen Institute Discussion Papers 99-068/3, Tinbergen Institute.
  12. Ericson, Richard & Pakes, Ariel, 1995. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," Review of Economic Studies, Wiley Blackwell, vol. 62(1), pages 53-82, January.
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