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Policy and collective action in place

Author

Listed:
  • Maryann Feldman
  • Nichola Lowe

Abstract

The role of policy is often misunderstood, either revered as a panacea or despised as a barrier to change. This is especially true in the process of regional transformation. This article develops a case of economic development policy as an adaptive and improvisational process: effective policy is endogenous and the result of negotiations and power relationships. Transforming a regional economy involves myriad policy actions so subtle and so numerous that they can easily be overlooked. The article conceptualises effective policy as the continuous culmination of programmatic adjustments in response to changing conditions, and opportunistic pivots to adjust to new circumstances. Creating innovative, entrepreneurial ecosystems challenge our existing economic models and suggest that complexity requires new conceptualisations of policy and planning.

Suggested Citation

  • Maryann Feldman & Nichola Lowe, 2018. "Policy and collective action in place," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 11(2), pages 335-351.
    • Handle: RePEc:oup:cjrecs:v:11:y:2018:i:2:p:335-351.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsy011
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    Citations

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    Cited by:

    1. Rocha, Augusto & Brown, Ross & Mawson, Suzanne, 2021. "Capturing conversations in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 50(9).
    2. Paige Clayton & Maryann Feldman & Benjamin Montmartin, 2024. "Entrepreneurial finance and regional ecosystem emergence," Small Business Economics, Springer, vol. 62(4), pages 1493-1521, April.
    3. Bernd Wurth & Erik Stam & Ben Spigel, 2022. "Toward an Entrepreneurial Ecosystem Research Program," Entrepreneurship Theory and Practice, , vol. 46(3), pages 729-778, May.
    4. Harrison, Richard T., 2022. "“Pennies from heaven”? Market failure, circuits of capital and policy support for business angels: The case of cross-border angel investment," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    5. Mariana Pita & Joana Costa & António Carrizo Moreira, 2021. "Unveiling Entrepreneurial Ecosystems’ Transformation: A GEM Based Portrait," Economies, MDPI, vol. 9(4), pages 1-16, November.
    6. David, Lucinda, 2019. "How Term Limits Constrain the Emergence of Agency and Resilience," Papers in Innovation Studies 2019/4, Lund University, CIRCLE - Centre for Innovation Research.
    7. Rohe, Sebastian & Chlebna, Camilla, 2021. "A spatial perspective on the legitimacy of a technological innovation system: Regional differences in onshore wind energy," Energy Policy, Elsevier, vol. 151(C).
    8. Rocha, Augusto & Brown, Ross & Mawson, Suzanne, 2022. "Reprint of: Capturing conversations in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 51(9).
    9. Hongqi Wang & Tianyi Zhao & Sarah Y. Cooper & Shanshan Wang & Richard T. Harrison & Zhongji Yang, 2023. "Effective policy mixes in entrepreneurial ecosystems: a configurational analysis in China," Small Business Economics, Springer, vol. 60(4), pages 1509-1542, April.
    10. James J. Chrisman & Donald O. Neubaum & Friederike Welter & Karl Wennberg, 2022. "Knowledge Accumulation in Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 46(3), pages 479-496, May.

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