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Innovation and knowledge: Theory and regional policy

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  • Jan Lambooy

Abstract

Innovation, as a concept, was introduced by Schumpeter to denote the introduction of five kinds of possible new approaches by entrepreneurs. The concepts of entrepreneurship and innovation have long been disregarded in static mainstream economics. Due to the acceptance of complexity and uncertainty, Schumpeter's theory is more difficult to model for policy purposes. Today, apart from mainstream economics, in particular Institutional Economics and Evolutionary Economics emphasize the relevance of structures and contexts, although not denying the decisive role of individual decision-making. During the last few decades, economic development and technology have shaped new international contexts for human economic activities and have altered our views on economic, political and cultural issues. Innovation theory teaches us that policies enhancing the development of “creative and innovative regions” are difficult to realize. Nevertheless, it is worth trying.

Suggested Citation

  • Jan Lambooy, 2005. "Innovation and knowledge: Theory and regional policy," European Planning Studies, Taylor & Francis Journals, vol. 13(8), pages 1137-1152, April.
    • Handle: RePEc:taf:eurpls:v:13:y:2005:i:8:p:1137-1152
    DOI: 10.1080/09654310500336444
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    1. Ulrich Witt, 2003. "The Evolving Economy," Books, Edward Elgar Publishing, number 2477.
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    Cited by:

    1. Jon Mikel Zabala-Iturriagagoitia, 2022. "Fostering regional innovation, entrepreneurship and growth through public procurement," Small Business Economics, Springer, vol. 58(2), pages 1205-1222, February.
    2. Uyarra, Elvira & Zabala-Iturriagagoitia, Jon Mikel & Flanagan, Kieron & Magro, Edurne, 2020. "Public procurement, innovation and industrial policy: Rationales, roles, capabilities and implementation," Research Policy, Elsevier, vol. 49(1).
    3. Sérgio Nunes & Raul Lopes & Nerys Fuller-Love, 2019. "Networking, Innovation, and Firms’ Performance: Portugal as Illustration," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 899-920, September.
    4. Zdenka Dudic & Branislav Dudic & Michal Gregus & Daniela Novackova & Ivana Djakovic, 2020. "The Innovativeness and Usage of the Balanced Scorecard Model in SMEs," Sustainability, MDPI, vol. 12(8), pages 1-22, April.
    5. Lorena M. D'Agostino & Rosina Moreno, 2019. "Green regions and local firms' innovation," Papers in Regional Science, Wiley Blackwell, vol. 98(4), pages 1585-1608, August.
    6. Jones, Jane & Corral de Zubielqui, Graciela, 2017. "Doing well by doing good: A study of university-industry interactions, innovationess and firm performance in sustainability-oriented Australian SMEs," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 262-270.
    7. Khorshed Alam & Adewuyi A. Adeyinka, 2021. "Does innovation stimulate performance? The case of small and medium enterprises in regional Australia," Australian Economic Papers, Wiley Blackwell, vol. 60(3), pages 496-519, September.
    8. Manolis Christofakis & Nicholas Karachalis & Athanassios Papadaskalopoulos, 2006. "EU-Supported Regional Development After 2007: Lessons Learnt and Future Priorities of the Greek Regions Falling Under the New "Competitiveness" Objective Programmes," ERSA conference papers ersa06p109, European Regional Science Association.
    9. Dirk Bunzel & Mihaela Kelemen, 2011. "Learning from Leipzig? Regional Development and Socio-cultural Transition," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 52-62, June.
    10. Iwona Borowik, 2014. "Knowledge Exchange Mechanisms and Innovation Policy in Post-Industrial Regions: Approaches of the Basque Country and the West Midlands," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(1), pages 37-69, March.
    11. Iréne Bernhard, 2016. "Innovation focusing on regional development in a European context - towards a new research agenda," International Journal of Innovation and Regional Development, Inderscience Enterprises Ltd, vol. 7(1), pages 1-19.

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