Human capital and innovativeness of the European Union regions

Pater, Robert; Lewandowska, Anna

doi:10.1080/13511610.2014.962487

Cited by 31 publications

(27 citation statements)

References 32 publications

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“…While investment in R&D expenditure and knowledge generation have long been associated with the generation of innovative output (e.g., Grilliches, ), other research has teased out links between a multitude of factors and innovative capacity. These include, but are not limited to: the supply and quality of human capital (Andersson et al, ; Crescenzi, ; Glaeser, ; Lee, Florida, & Gates, ; Pater & Lewandowska, ; Romer, ); the skills composition of pools of labor (Florida, ; Ottaviano & Peri, ; Özgen, Nijkamp, & Poot, ; Storper & Scott, ); the agglomeration of economic activity and the knowledge‐related externalities associated with it (Duranton & Puga, ; Storper & Venables, ); the capacity to absorb nonlocal knowledge (Bathelt, Malmberg, & Maskell, ); and local institutions and their quality (Rodríguez‐Pose & Di Cataldo, ). These analyses often reveal pronounced differences between the factors that affect innovation, their relative importance and, critically, in how they interact with one another across geographies.…”

Section: The Puzzle Of Innovating In Lagging Regionsmentioning

confidence: 99%

Innovating in less developed regions: What drives patenting in the lagging regions of Europe and North America

Rodríguez‐Pose

Wilkie

2018

Growth and Change

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Not all economically disadvantaged—“less developed” or “lagging”—regions are the same. They are, however, often bundled together for the purposes of innovation policy design and implementation. This paper attempts to determine whether such bundling is warranted by conducting a regional level investigation for Canada, the United States, on the one hand, and Europe, on the other, to (a) identify the structural and socioeconomic factors that drive patenting in the less developed regions of North America and Europe, respectively; and (b) explore how these factors differ between the two contexts. The empirical analysis, estimated using a mixed‐model approach, reveals that, while there are similarities between the drivers of innovation in North America's and Europe's lagging regions, a number of important differences between the two continents prevail. The analysis also indicates that the territorial processes of innovation in North America's and Europe's less developed regions are more similar to those of their more developed counterparts than to one another.

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Section: The Puzzle Of Innovating In Lagging Regionsmentioning

confidence: 99%

Innovating in less developed regions: What drives patenting in the lagging regions of Europe and North America

Rodríguez‐Pose

Wilkie

2018

Growth and Change

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“…In particular, innovation is commonly acknowledged to be a principal means by which regions foster economic growth and competitiveness (Capello and Nijkamp 2009;Harris 2011;Pater and Lewandowska, 2015). At the same time, it is suggested that entrepreneurship is also a key source of such growth (Audretsch et al 2006).…”

Section: Introductionmentioning

confidence: 99%

New directions in regional innovation policy: a network model for generating entrepreneurship and economic development

2018

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Lifting the economic performance of lagging regions continues to puzzle economic development practitioners and analysts. As a means of contributing some solutions to this puzzle, this paper examines a policy intervention that promotes regional development through a public-private sector initiative that utilises a network model to catalyse innovation-driven entrepreneurship. It focuses on a programme operated by the Alacrity Foundation in the region of Wales in the UK. The paper argues that the Foundation's model offers a novel means of attempting to facilitate regional development through a programme that intertwines elements relating to entrepreneurship, innovation and network policy and practice. It is novel in the sense that it seeks to de-risk the entrepreneurial and innovation process in a regional environment that is not traditionally strong in this respect. It is concluded that such programmes indicate that policy is beginning to embrace a number of ideas emerging from theoretical work on the drivers of regional innovation and growth.

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“…The knowledge assets possessed by the firm are its core competencies, and they are central to establishing an efficient and systematic knowledge base system in the organization. Therefore, the successful performance of a firm is determined by the management and utilization of the firm's knowledge resources [32][33][34].…”

Section: Knowledge Assetsmentioning

confidence: 99%

The Effects of Knowledge Assets and Path Dependence in Innovations on Firm Value in the Korean Semiconductor Industry

Cho

2020

Sustainability

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This study investigated whether firms' knowledge assets and path dependence in their innovations affect firm value. For the analysis, I used 37 firms in the semiconductor industry in Korea. These firms were listed on the Korea Stock Exchange and the Korea Securities Dealers Association Automated Quotation as of 2010 and through 2015. The dependent variable was measured by return on assets as firm value, and the ordinary least squares estimation was used. The results showed that a firm's knowledge assets have a positive effect on firm value. In addition, when a firm creates new knowledge, if the firm follows path dependence by using its own knowledge, it has a positive effect on firm value. By contrast, when a firm conducts innovations using knowledge created by other firms, it has no effect on the value of the firm. Additionally, I found that technological innovation based on knowledge assets and path dependence has a positive effect on firm value in the short term but has no effect in the medium term. Thus, firms need to continue their innovation to maintain their competitive advantage and to use their existing knowledge in innovation in order to have high performance.

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Human capital and innovativeness of the European Union regions

Cited by 31 publications

References 32 publications

Innovating in less developed regions: What drives patenting in the lagging regions of Europe and North America

Innovating in less developed regions: What drives patenting in the lagging regions of Europe and North America

New directions in regional innovation policy: a network model for generating entrepreneurship and economic development

The Effects of Knowledge Assets and Path Dependence in Innovations on Firm Value in the Korean Semiconductor Industry

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