Resource title

Industry specialization, diversity and the efficiency of regional innovation systems

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image for OpenScout resource :: Industry specialization, diversity and the efficiency of regional innovation systems

Resource description

Innovation processes are characterized by a pronounced division of labor between actors. Two types of externality may arise from such interactions. On the one hand, a close location of actors affiliated to the same industry may stimulate innovation (MAR externalities). On the other hand, new ideas may be born by the exchange of heterogeneous and complementary knowledge between actors, which belong to different industries (Jacobs externalities). We test the impact of both MAR as well as Jacobs externalities on innovative performance at the regional level. The results suggest an inverted u-shaped relationship between regional specialization in certain industries and innovative performance. Further key determinants of the regional innovative performance are private sector R&D and university-industry collaboration.

Resource author

Michael Fritsch, Viktor Slavtchev

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25592

Resource license

Adapt according to the presented license agreement and reference the original author.