IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v32y2018i3p183-194.html
   My bibliography  Save this article

Breaking the Waves: Innovating at the Intersections of Economic Development

Author

Listed:
  • Nichola Lowe
  • Maryann P. Feldman

Abstract

State and local economic development is often conceptualized as a series of successive waves, with each wave representing distinct policy priorities. In this study, we rework the standard wave metaphor to recognize the gains for regional economies when practitioners reach across established boundaries to work together to create a strategy mix. We present a case from North Carolina biosciences to demonstrate the contribution to regional industrial specialization when specialists combine their respective knowledge of entrepreneurship and industrial recruitment and coordinate development practice. More than an adjustment to tightening budget constraints or intensifying political demand, strategy mixing allows practitioners to extend and capture greater gains from state support for innovation. This case study provides an illustrative example for how other regions can advance innovative industry by bringing seemingly distinct development tools and targets into closer alignment.

Suggested Citation

  • Nichola Lowe & Maryann P. Feldman, 2018. "Breaking the Waves: Innovating at the Intersections of Economic Development," Economic Development Quarterly, , vol. 32(3), pages 183-194, August.
    • Handle: RePEc:sae:ecdequ:v:32:y:2018:i:3:p:183-194
    DOI: 10.1177/0891242418783848
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0891242418783848
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0891242418783848?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lowe, Nichola & Kenney, Martin, 1999. "Foreign Investment and the Global Geography of Production: Why the Mexican Consumer Electronics Industry Failed," World Development, Elsevier, vol. 27(8), pages 1427-1443, August.
    2. William Lazonick & Mariana Mazzucato, 2013. "The risk-reward nexus in the innovation-inequality relationship: who takes the risks? Who gets the rewards ?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(4), pages 1093-1128, August.
    3. Dani Rodrik, 2014. "Green industrial policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(3), pages 469-491.
    4. Lanahan, Lauren & Feldman, Maryann P., 2015. "Multilevel innovation policy mix: A closer look at state policies that augment the federal SBIR program," Research Policy, Elsevier, vol. 44(7), pages 1387-1402.
    5. Kivimaa, Paula & Kern, Florian, 2016. "Creative destruction or mere niche support? Innovation policy mixes for sustainability transitions," Research Policy, Elsevier, vol. 45(1), pages 205-217.
    6. John L. Pender & Jeremy G. Weber & Jason P. Brown, 2014. "Sustainable Rural Development and Wealth Creation," Economic Development Quarterly, , vol. 28(1), pages 73-86, February.
    7. Sanya Carley & Sara Lawrence, 2014. "Energy-Based Economic Development," Springer Books, Springer, edition 127, number 978-1-4471-6341-1, September.
    8. Joseph E. Stiglitz, 2016. "How to Restore Equitable and Sustainable Economic Growth in the United States," American Economic Review, American Economic Association, vol. 106(5), pages 43-47, May.
    9. Maryann P. Feldman & Nichola J. Lowe, 2011. "Restructuring for Resilience," Innovations: Technology, Governance, Globalization, MIT Press, vol. 6(1), pages 129-146, January.
    10. Alice H. Amsden & Wan-wen Chu, 2003. "Beyond Late Development: Taiwan's Upgrading Policies," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011980, December.
    11. Ann Markusen (ed.), 2007. "Reining in the Competition for Capital," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number ricc, August.
    12. Andrew Schrank & Josh Whitford, 2009. "Industrial Policy in the United States: A Neo-Polanyian Interpretation," Politics & Society, , vol. 37(4), pages 521-553, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. T. William Lester & Nichola J. Lowe & Allan Freyer, 2014. "Mediating Incentive Use," Economic Development Quarterly, , vol. 28(2), pages 132-146, May.
    2. Mario Pianta & Matteo Lucchese, 2020. "Rethinking the European Green Deal," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(4), pages 633-641, December.
    3. Mariana Mazzucato & Rainer Kattel & Josh Ryan-Collins, 2020. "Challenge-Driven Innovation Policy: Towards a New Policy Toolkit," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 421-437, June.
    4. Watson, Anna, 2022. "Designing publicly funded organisations for accelerated low carbon innovation: A case study of the ETI, UK and ARPA-E, US," Energy Policy, Elsevier, vol. 168(C).
    5. Landoni, Matteo & ogilvie, dt, 2019. "Convergence of innovation policies in the European aerospace industry (1960–2000)," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 174-184.
    6. Magro, Edurne & Wilson, James R., 2019. "Policy-mix evaluation: Governance challenges from new place-based innovation policies," Research Policy, Elsevier, vol. 48(10).
    7. Xieao Chen & Ping Huang & Zhenhong Xiao, 2022. "Uncovering the verticality and temporality of environmental policy mixes: The case of agricultural residue recycling in China," Review of Policy Research, Policy Studies Organization, vol. 39(5), pages 632-653, September.
    8. Kenney, Martin & Breznitz, Dan & Murphree, Michael, 2013. "Coming back home after the sun rises: Returnee entrepreneurs and growth of high tech industries," Research Policy, Elsevier, vol. 42(2), pages 391-407.
    9. Taiming Chen & Xi Chen, 2023. "The Role of Digital Transformation in the Relationship between Industrial Policies and Technological Innovation Performance: Evidence from the Listed Wind Power Enterprises in China," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    10. Matthijs Janssen, 2016. "What bangs for your bucks? Assessing the design and impact of transformative policy," Innovation Studies Utrecht (ISU) working paper series 16-05, Utrecht University, Department of Innovation Studies, revised Dec 2016.
    11. Ziegler, Rafael, 2020. "Paludiculture as a critical sustainability innovation mission," Research Policy, Elsevier, vol. 49(5).
    12. Silva, Sergio Evangelista & Venâncio, Ana & Silva, Joaquim Ramos & Gonçalves, Carlos Alberto, 2020. "Open innovation in science parks: The role of public policies," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    13. Janssen, Matthijs J., 2019. "What bangs for your buck? Assessing the design and impact of Dutch transformative policy," Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 78-94.
    14. Chang, Ruidong & Cao, Yuan & Lu, Yujie & Shabunko, Veronika, 2019. "Should BIPV technologies be empowered by innovation policy mix to facilitate energy transitions? - Revealing stakeholders' different perspectives using Q methodology," Energy Policy, Elsevier, vol. 129(C), pages 307-318.
    15. Nichola J. Lowe, 2014. "Beyond the Deal," Economic Development Quarterly, , vol. 28(4), pages 287-299, November.
    16. Jiang, Zihao & Shi, Jiarong, 2023. "Government intervention and technological innovation in the wind power industry in China: The role of industrial environmental turbulence," Applied Energy, Elsevier, vol. 344(C).
    17. Jonas Sonnenschein, 2016. "Understanding indicator choice for the assessment of research, development, and demonstration financing of low-carbon energy technologies: Lessons from the Nordic countries," WIDER Working Paper Series 048, World Institute for Development Economic Research (UNU-WIDER).
    18. Vermunt, D.A. & Wojtynia, N. & Hekkert, M.P. & Van Dijk, J. & Verburg, R. & Verweij, P.A. & Wassen, M. & Runhaar, H., 2022. "Five mechanisms blocking the transition towards ‘nature-inclusive’ agriculture: A systemic analysis of Dutch dairy farming," Agricultural Systems, Elsevier, vol. 195(C).
    19. Rajah Rasiah & Xinxin Kong & Yeo Lin, 2010. "Innovation and learning in the integrated circuits industry in Taiwan and China," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(3), pages 225-246.
    20. Jyh-Wen Shiu & Chan-Yuan Wong & Mei-Chih Hu, 2014. "The dynamic effect of knowledge capitals in the public research institute: insights from patenting analysis of ITRI (Taiwan) and ETRI (Korea)," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(3), pages 2051-2068, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:32:y:2018:i:3:p:183-194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.