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Rural Innovation - Crucial, But Rarely Systemic

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  • Freshwater, David

Abstract

Innovation is largely held to be unlikely in rural regions. This reflects the current emphasis on regional innovations systems that are driven by large expenditures on formal science based activity that results in patentable outcomes. From this metric the observation about rural innovation is largely true. However, a broader concept of innovation, which includes the actions of individual inventors/entrepreneurs opens the possibility of rural innovation. Not only do we see significant innovation in rural regions, some of these innovations have been globally disruptive and led to major changes in important industries. For rural regions innovation can be a key driver of productivity since the success of a single firm can play a major role in eh economic growth of the region. Fostering entrepreneurship provides a way for rural regions to also increase the level of innovation.

Suggested Citation

  • Freshwater, David, 2012. "Rural Innovation - Crucial, But Rarely Systemic," Agricultural Economics Research Reports 139829, University of Kentucky, Department of Agricultural Economics.
  • Handle: RePEc:ags:ukyaer:139829
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    File URL: http://purl.umn.edu/139829
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    References listed on IDEAS

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    1. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 17-25, Autumn.
    2. 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.
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    Keywords

    rural development; innovation; economic growth; entrepreneurship; productivity; Community/Rural/Urban Development; Production Economics; Productivity Analysis; L260.0310; R110; R120;

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