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Capabilities in knowledge-based regional development – towards a dynamic framework

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  • Valtteri Laasonen
  • Jari Kolehmainen

Abstract

There are only a few studies dealing with capabilities in the knowledge-based regional development and especially in implementation of contemporary innovation policy. Drawing upon the resource-based view, the capability perspective identifies combinations of regional resources and capabilities that generate competitive advantage. In light of theoretical and empirical advancement, this paper introduces a capability framework to reveal the multi-layered and dynamic nature of capabilities in knowledge-based regional development. The paper argues that in the regional context, it is important to consider and analyse (1) the organizational level resource and knowledge base and (2) ways in which the regional networks of organizations, engaged in knowledge-based development activities, exploit and renew regional resources and capabilities. The empirical analysis is based on personal in-depth interviews and document analysis. The findings indicate that studies on knowledge-based regional development should pay more attention to the capabilities of the actors involved in development processes. Innovation policy should be viewed as a means to mobilize, renew, build and acquire new resources and capabilities in a region and should aim to build and stimulate regional network-level capabilities for economic renewal.

Suggested Citation

  • Valtteri Laasonen & Jari Kolehmainen, 2017. "Capabilities in knowledge-based regional development – towards a dynamic framework," European Planning Studies, Taylor & Francis Journals, vol. 25(10), pages 1673-1692, October.
    • Handle: RePEc:taf:eurpls:v:25:y:2017:i:10:p:1673-1692
    DOI: 10.1080/09654313.2017.1337727
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    Cited by:

    1. Robert Hassink & Arne Isaksen & Michaela Trippl, 2018. "Towards a comprehensive understanding of new regional industrial path development," PEGIS geo-disc-2018_02, Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business.
    2. Robertson, Jeandri & Caruana, Albert & Ferreira, Caitlin, 2023. "Innovation performance: The effect of knowledge-based dynamic capabilities in cross-country innovation ecosystems," International Business Review, Elsevier, vol. 32(2).
    3. Larissa Diana Michelam & Tatiana Tucunduva Philippi Cortese & Tan Yigitcanlar & Ana Cristina Fachinelli & Leonardo Vils & Wilson Levy, 2021. "Leveraging Smart and Sustainable Development via International Events: Insights from Bento Gonçalves Knowledge Cities World Summit," Sustainability, MDPI, vol. 13(17), pages 1-27, September.
    4. Meiqi Jiao & Debin Du & Wentian Shi & Chunguang Hou & Qinchang Gui, 2021. "Dynamic Absorptive Capability and Innovation Performance: Evidence from Chinese Cities," Sustainability, MDPI, vol. 13(20), pages 1-20, October.

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