Innovation has come to play an evermore-prominent role in Territorial Policies because is a crucial aspect to Economic Development. The present study reflects on the theoretical models of Innovation and the paradigm of Regional Innovation Systems. Through the analysis of 175 regions of the EU 15 it seeks to find the dimensions underlying the innovative phenomena and to create homogenous groups of regions that display similar profiles. Factorial Analysis of the Main Components was used to reduce the dimension of data from a barrage of regional indicators such as: Critical Mass of Territories, Economic Performance, Level of Wealth, Employment Market, Sectoral Structure of the Economy, Age Group Structure, Education and Training, Technological Employment, R&D and Patents. Having determined the four main factors with significant results (Technological Innovation, Human Capital, Economic Structure and Availability of the Employment Market) what followed was a hierarchical analysis of Clusters, resulting in five groupings of regions: Disadvantaged Regions, Average Regions, Central Regions, Large Economic Centres and Innovating Regions.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
13478.
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