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

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Author Info
Massimo FLORIO ()
Emanuele OZZIMO ()

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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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Publisher Info
Paper provided by Department of Economics University of Milan Italy in its series Departemental 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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Related research
Keywords: EU Structural funds; SMEs; Clusters; Innovation strategies;

Other versions of this item:

Find related papers by JEL classification:
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

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References listed on IDEAS
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  1. Audretsch, David B, et al, 2002. "Impeded Industrial Restructuring: The Growth Penalty," Kyklos, Blackwell Publishing, vol. 55(1), pages 81-97.
    Other versions:
  2. David B. Audretsch & Roy Thurik, 2001. "Linking Entrepreneurship to Growth," OECD Science, Technology and Industry Working Papers 2001/2, OECD, Directorate for Science, Technology and Industry. [Downloadable!]
  3. Tor Jakob Klette and Astrid Mathiassen, 1995. "Job Creation, Job Destruction and Plant Turnover in Norwegian Manufacturing," Discussion Papers 136, Research Department of Statistics Norway.
    Other versions:
  4. Parto, Saeed & Doloreux, David, 2004. "Regional Innovation Systems: A Critical Synthesis," Discussion Papers 17, United Nations University, Institute for New Technologies. [Downloadable!]
  5. repec:att:wimass:19894 is not listed on IDEAS
  6. 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. [Downloadable!] (restricted)
  7. Zoltan Acs & David Audretsch, 1990. "Innovation and Small Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011131.
  8. 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. [Downloadable!]
  9. David B. Audretsch & A. Roy Thurik, 1999. "Innovation, Industry Evoluation and Employment," Tinbergen Institute Discussion Papers 99-068/3, Tinbergen Institute. [Downloadable!]
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