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The EU Regional Policy and the Socio-economic Disadvantage of European Regions

In: Innovation and Regional Growth in the European Union

Author

Listed:
  • Riccardo Crescenzi

    (London School of Economics)

  • Andrés Rodríguez-Pose

    (London School of Economics
    IMDEA Social Sciences)

Abstract

The empirical evidence presented in the previous chapters has highlighted the importance of underlying socio-economic factors in translating innovation into economic growth. The analysis showed that this is true for both endogenously produced innovation (by means of local innovative efforts) and exogenous knowledge flows. This evidence suggests that the locational disadvantage of peripheral regions (mainly due to the reduced exposition to knowledge flows) may be compensated for by reinforcing their capability to translate existing knowledge into economic growth. The empirical analysis showed that this result could be achieved by addressing the local sources of socio-economic disadvantage. When the socio-economic sources of competitive disadvantage are effectively addressed, the capability to translate whatever kind of innovation into regional growth is enhanced.

Suggested Citation

  • Riccardo Crescenzi & Andrés Rodríguez-Pose, 2011. "The EU Regional Policy and the Socio-economic Disadvantage of European Regions," Advances in Spatial Science, in: Innovation and Regional Growth in the European Union, chapter 0, pages 147-168, Springer.
    • Handle: RePEc:spr:adspcp:978-3-642-17761-3_8
    DOI: 10.1007/978-3-642-17761-3_8
    as

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