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Adaptation Of The Diamond Model Of Competitive Advantage To The New Paradigm Of Regional Development

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  • Piekarska, Katarzyna

Abstract

This paper presents Michael E. Porter’s diamond model for the competitive advantage in the context of the new regional development paradigm, i.e., a knowledge based economy. The model is sufficiently flexible to adapt it to the changing economic conditions, and changes in the related regional development theories. The incorporation into the model such factors as innovation or agglomeration benefits associated with formal and informal knowledge accumulation and transfer, and public policy establishing a dynamic adaptive capability, creates an extremely modern instrument. The study proves that due to such adaptation the model becomes relevant for the analysis of prospective region’s competitive advantage in the context of the knowledge based economy paradigm.

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  • Piekarska, Katarzyna, 2013. "Adaptation Of The Diamond Model Of Competitive Advantage To The New Paradigm Of Regional Development," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 6(2).
    • Handle: RePEc:ags:plecrs:264948
    DOI: 10.22004/ag.econ.264948
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    1. Bjorn Asheim & Helen Lawton Smith & Christine Oughton, 2011. "Regional Innovation Systems: Theory, Empirics and Policy," Regional Studies, Taylor & Francis Journals, vol. 45(7), pages 875-891.
    2. Philip Cooke & Loet Leydesdorff, 2006. "Regional Development in the Knowledge-Based Economy: The Construction of Advantage," The Journal of Technology Transfer, Springer, vol. 31(1), pages 5-15, January.
    3. Philip McCann & Raquel Ortega-Argilés, 2011. "Smart specialisation, regional growth and applications to EU cohesion policy," Working Papers 2011/14, Institut d'Economia de Barcelona (IEB).
    4. Philip McCann & Raquel Ortega-Argilés, 2011. "Smart specialisation, regional growth and applications to EU cohesion policy," Working Papers 2011/14, Institut d'Economia de Barcelona (IEB).
    5. Wintjes, Rene & Hollanders, Hugo, 2011. "Innovation pathways and policy challenges at the regional level: smart specialisation," MERIT Working Papers 2011-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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