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10 - Innovation Policies and New Regional Growth Paths

A Place-Based System Failure Framework

from Part III - Regional Innovation Systems and Policies

Published online by Cambridge University Press:  10 August 2018

By
Markus Grillitsch  and
Michaela Trippl
Edited by
Jorge Niosi
Jorge Niosi
Affiliation:
Université du Québec, Montréal
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Summary

Fundamental and enduring changes brought about by recurrent economic and financial crises, the digital revolution and ongoing globalisation processes of production and innovation activities are posing major challenges for regional and national economies to renew their industrial structures and develop innovations that break existing development trajectories. This calls for new innovation policy approaches that are well equipped to support transformation processes towards new industrial growth paths. This chapter aims to provide the conceptual underpinnings for such a reorientation of innovation policy. We take an innovation system (IS) perspective and develop a comprehensive place-based system failure framework for an innovation policy design that is suitable to promote structural change in different region-specific contexts.

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Innovation Systems, Policy and Management , pp. 329 - 358
Publisher: Cambridge University Press
Print publication year: 2018

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