IDEAS home Printed from https://ideas.repec.org/p/ris/duthrp/2020_007.html
   My bibliography  Save this paper

Regional Innovation Systems and Less Developed Business Ecosystems: Fundamental Concepts and Theoretical Trends

Author

Listed:
  • Katimertzopoulos, Fotios

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Koutroukis, Theodore

    (Democritus University of Thrace, Department of Economics)

Abstract

In an era of policy-driven systematic encouragement of local innovation processes, the concept of regional innovation systems has been arisen to produce, promote and cultivate the region’s competitive advantage. The key reason for developing specific targeted policy measures within the regional innovation context is to focus on improving local business capacity, competitiveness and performance, including its business ecosystem. From this point of view, it is of crucial importance to promote interactions between different innovative actors who have good reasons to intersect, such as interactions between companies and universities or research institutes, or between small start-ups and larger businesses. These interactions may include interactive local learning and productive knowledge diffusion but they should also include the wider business community and governance framework. Therefore, this study investigates whether policy strategies could be geared towards the promotion of accessibility "to the development of a regional innovation system" and the "development of local comparative advantages" associated with the specific local resources, mainly in less developed business ecosystems. Prior research studies undertaken in less developed business ecosystems indicate that companies themselves will grow in terms of regional development, mainly through innovating. Therefore, in order for local businesses in less developed ecosystems to lay the foundations for effective innovation they must adapt, improve and grow some essential internal business dimensions and variables, such as strategy, technology and management potential (Stra.Tech.Man. innovation theory). In this respect, the present study suggests the conception, analysis and interference of the mechanism of development in terms of the regional competitiveness web. Overall, this academic paper is a conceptual research (Integrative review) that performs a literature review of several field research in regional innovation systems and less developed local business ecosystems, with the overall objective of identifying those variables (such as strategy, technology and management) that could contribute towards effective business innovation and long-term stable growth.

Suggested Citation

  • Katimertzopoulos, Fotios & Vlados, Charis & Koutroukis, Theodore, 2020. "Regional Innovation Systems and Less Developed Business Ecosystems: Fundamental Concepts and Theoretical Trends," DUTH Research Papers in Economics 7-2020, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2020_007
    Note: International Journal of Economics, Business and Management Research, Vol. 4, No. 05, pp. 137-156
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3603630
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Charalambos Vlados & Fotios Katimertzopoulos, 2018. "Assessing Meso and Micro-Competitiveness Boosting Policies, in Stra.Tech.Man Terms," International Journal of Business and Social Research, LAR Center Press, vol. 8(9), pages 1-15, September.
    2. Snyder, Hannah, 2019. "Literature review as a research methodology: An overview and guidelines," Journal of Business Research, Elsevier, vol. 104(C), pages 333-339.
    3. Charalambos Vlados & Fotios Katimertzopoulos, 2019. "The ¡°Mystery¡± of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 236-262, March.
    4. Anna Golejewska, 2018. "Innovativeness of Enterprises in Poland in the Regional Context," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 14(1), pages 29-44.
    5. Andreas Andrikopoulos, 2013. "Financial economics: objects and methods of science," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(1), pages 35-55.
    6. Feldman, Maryann P. & Audretsch, David B., 1999. "Innovation in cities:: Science-based diversity, specialization and localized competition," European Economic Review, Elsevier, vol. 43(2), pages 409-429, February.
    7. Philip McCann & Raquel Ortega-Argilés, 2013. "Modern regional innovation policy," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 187-216.
    8. Vlados, Charis & Chatzinikolaou, Dimos & Deniozos, Nikolaos & Katimertzopoulos, Fotios & Koutroukis, Theodore & Digkas, Agis-Georgios, 2019. "Local Development Dynamics," DUTH Research Papers in Economics 37-2019, Democritus University of Thrace, Department of Economics.
    9. Carlino, Gerald & Kerr, William R., 2015. "Agglomeration and Innovation," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 349-404, Elsevier.
    10. Minh Quang Dao, 2017. "The impact of public policies and institutions on economic growth in developing countries: New empirical evidence," Bulletin of Applied Economics, Risk Market Journals, vol. 4(2), pages 37-49.
    11. Cristiano Antonelli, 2006. "The Business Governance of Localized Knowledge: An Information Economics Approach for the Economics of Knowledge," Industry and Innovation, Taylor & Francis Journals, vol. 13(3), pages 227-261.
    12. Cooke, Philip, 2001. "Regional Innovation Systems, Clusters, and the Knowledge Economy," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(4), pages 945-974, December.
    13. Charis Vlados & Nikolaos Deniozos & Dimos Chatzinikolaou & Agis Digkas, 2019. "From Traditional Regional Analysis to Dynamics of Local Development: Foundations and Theoretical Reorientations," International Journal of Regional Development, Macrothink Institute, vol. 6(1), pages 1-1, December.
    14. Fotios Katimertzopoulos & Charis Vlados, 2019. "Towards a New Approach of Innovation in Less Developed Regional Business Ecosystems," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 101-114.
    15. David Doloreux, 2003. "Regional Innovation Systems In The Periphery: The Case Of The Beauce In Québec (Canada)," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 67-94.
    16. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, November.
    17. Pierre-Alexandre Balland & Ron Boschma & Koen Frenken, 2015. "Proximity and Innovation: From Statics to Dynamics," Regional Studies, Taylor & Francis Journals, vol. 49(6), pages 907-920, June.
    18. Udo Staber, 2001. "The Structure of Networks in Industrial Districts," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 25(3), pages 537-552, September.
    19. Harald Bathelt & Andersand Malmberg & Peter Maskell, 2002. "Clusters and Knowledge Local Buzz, Global Pipelines and the Process of Knowledge Creation," DRUID Working Papers 02-12, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    20. Charalambos Vlados & Fotios Katimertzopoulos, 2018. "Assessing Meso and Micro-Competitiveness Boosting Policies, in Stra.Tech.Man Terms," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 8(9), pages 1-15, September.
    21. Thomas Poufinas & Maria Polychronou, 2018. "Alternative investments as a financing tool for small and medium enterprises," Bulletin of Applied Economics, Risk Market Journals, vol. 5(2), pages 13-44.
    22. Vlados, Charis, 2019. "Change Management and Innovation in the 'Living Organization': The Stra.Tech.Man Approach," DUTH Research Papers in Economics 13-2019, Democritus University of Thrace, Department of Economics.
    23. Michael Peneder, 2017. "Competitiveness and industrial policy: from rationalities of failure towards the ability to evolve," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 829-858.
    24. Asheim, Bjorn T & Isaksen, Arne, 2002. "Regional Innovation Systems: The Integration of Local 'Sticky' and Global 'Ubiquitous' Knowledge," The Journal of Technology Transfer, Springer, vol. 27(1), pages 77-86, January.
    25. Thomas Ziesemer, 2018. "Testing the Growth Links of Emerging Economies: Croatia in a Growing World Economy," Bulletin of Applied Economics, Risk Market Journals, vol. 5(1), pages 1-27.
    26. Katimertzopoulos, F. & Vlados, Ch., 2017. "Local Support Mechanisms for Entrepreneurship: The Approach of Local Development and Innovation Institutions," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 10(1), pages 30-41, March.
    27. Vlados, Charis & Chatzinikolaou, Dimos, 2020. "Macro, Meso, and Micro Policies for Strengthening Entrepreneurship: Towards an Integrated Competitiveness Policy," DUTH Research Papers in Economics 6-2020, Democritus University of Thrace, Department of Economics.
    28. Charis Vlados & Dimos Chatzinikolaou & Fotios Katimertzopoulos & Theodore Koutroukis, 2019. "Regional underdevelopment and less developed business ecosystems: The case of Eastern Macedonia and Thrace," Bulletin of Applied Economics, Risk Market Journals, vol. 6(2), pages 31-44.
    29. Giovanni Dosi, 2016. "Beyond the ‘magic of the market’. The slow return of industrial policy (but not yet in Italy)," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 261-264, September.
    30. Vlados, Charis & Katimertzopoulos, Fotios & Blatsos, Ioannis, 2018. "Innovation in Stra.Tech.Man (Strategy-Technology-Management) Terms," DUTH Research Papers in Economics 9-2018, Democritus University of Thrace, Department of Economics.
    31. Charlie Karlsson & Per Flensburg & Sven-Åke Hörte (ed.), 2004. "Knowledge Spillovers and Knowledge Management," Books, Edward Elgar Publishing, number 3385, March.
    32. Kevin Morgan, 1997. "The Learning Region: Institutions, Innovation and Regional Renewal," Regional Studies, Taylor & Francis Journals, vol. 31(5), pages 491-503.
    33. Vlados, Charis, 2012. "The Search of Competitiveness and the Entrepreneurial Evolution in a Global Environment: Toward a New Approach of Development Dynamics Based on the Case of Greek Productive System," DUTH Research Papers in Economics 6-2012, Democritus University of Thrace, Department of Economics.
    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. Charis Vlados & Dimos Chatzinikolaou & Fotios Katimertzopoulos & Theodore Koutroukis, 2019. "Regional underdevelopment and less developed business ecosystems: The case of Eastern Macedonia and Thrace," Bulletin of Applied Economics, Risk Market Journals, vol. 6(2), pages 31-44.
    2. Doloreux, David & Parto, Saeed, 2005. "Regional innovation systems: Current discourse and unresolved issues," Technology in Society, Elsevier, vol. 27(2), pages 133-153.
    3. Hamidi, Shima & Zandiatashbar, Ahoura & Bonakdar, Ahmad, 2019. "The relationship between regional compactness and regional innovation capacity (RIC): Empirical evidence from a national study," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 394-402.
    4. David Doloreux & Saeed Parto, 2004. "Regional Innovation Systems: Current Discourse and Challenges for Future Research," ERSA conference papers ersa04p56, European Regional Science Association.
    5. Parto, Saeed & Doloreux, David, 2004. "Regional Innovation Systems: A Critical Synthesis," UNU-INTECH Discussion Paper Series 2004-17, United Nations University - INTECH.
    6. Ron Boschma & Ron Martin, 2010. "The Aims and Scope of Evolutionary Economic Geography," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 1, Edward Elgar Publishing.
    7. Jaya Prakash Pradhan & Mohammad Zohair, 2015. "Subnational Export Performance and Determinants," Review of Market Integration, India Development Foundation, vol. 7(2), pages 133-174, August.
    8. Fotios Katimertzopoulos & Charis Vlados & Theodore Koutroukis, 2023. "Business and Regional Innovation Culture: An Overview of the Conceptualization of Innovation Culture," Administrative Sciences, MDPI, vol. 13(11), pages 1-17, November.
    9. Kevin P. Heanue & David Jacobson, 2007. "Embeddedness and innovation in low and medium tech rural enterprises," Working Papers 0702, Rural Economy and Development Programme,Teagasc.
    10. Igone Porto & Jose Ramón Otegi, 2014. "ROSIS: A Regional Open Sectoral Innovation System," ERSA conference papers ersa14p389, European Regional Science Association.
    11. João Lopes & Mário Franco, 2019. "Review About Regional Development Networks: an Ecosystem Model Proposal," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 275-297, March.
    12. Charis Vlados & Nikolaos Deniozos & Dimos Chatzinikolaou & Agis Digkas, 2019. "From Traditional Regional Analysis to Dynamics of Local Development: Foundations and Theoretical Reorientations," International Journal of Regional Development, Macrothink Institute, vol. 6(1), pages 1-1, December.
    13. Charalambos Vlados & Fotios Katimertzopoulos, 2019. "The ¡°Mystery¡± of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 236-262, March.
    14. Zhigao Liu & Yimei Yin & Weidong Liu & Michael Dunford, 2015. "Visualizing the intellectual structure and evolution of innovation systems research: a bibliometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 103(1), pages 135-158, April.
    15. Robert J. Stimson, 2014. "Proximity and endogenous regional development," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 1, pages 47-93, Edward Elgar Publishing.
    16. Fotios Katimertzopoulos & Charis Vlados, 2019. "Towards a New Approach of Innovation in Less Developed Regional Business Ecosystems," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 12(2), pages 33-41, December.
    17. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Global Crisis, Innovation and Change Management: Towards a New Systemic Perception of the Current Globalization Restructuring," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 9-29, August.
    18. Paola Rucker Schaeffer & Bruno Fischer & Sergio Queiroz, 2018. "Beyond Education: The Role of Research Universities in Innovation Ecosystems," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(2), pages 50-61.
    19. Paulo Alexandre Neves Martinho Neto, 2011. "The Importance of Clusters for Sustainable Innovation Processes: The Context of Small and Medium Sized Regions," CEFAGE-UE Working Papers 2011_24, University of Evora, CEFAGE-UE (Portugal).
    20. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou & Michail Demertzis, 2018. "Perceiving Competitiveness under the Restructuring Process of Globalization," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(8), pages 135-135, June.

    More about this item

    Keywords

    regional innovation system; regional competitiveness web; business ecosystem; less developed business ecosystem; Stra.Tech.Man innovation theory;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:ris:duthrp:2020_007. 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: Periklis Gogas (email available below). General contact details of provider: https://edirc.repec.org/data/didutgr.html .

    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.