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Innovation, democracy and efficiency...

Grillo, Francesco.

Innovation, democracy and efficiencyexploring the innovation puzzle within the european unions regional development policies /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Innovation, democracy and efficiencyby Francesco Grillo, Raffaella Y. Nanetti.
Reminder of title:	exploring the innovation puzzle within the european unions regional development policies /
Author:	Grillo, Francesco.
other author:	Nanetti, Raffaella Y.
Published:	London :Palgrave Macmillan UK :2016.
Description:	xvii, 237 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Technological innovationsEconomic aspectsEuropean Union countries.
Online resource:	https://doi.org/10.1057/9781137449665
ISBN:	9781137449665$q(electronic bk.)

Innovation, democracy and efficiencyexploring the innovation puzzle within the european unions regional development policies /
Grillo, Francesco.

Innovation, democracy and efficiencyexploring the innovation puzzle within the european unions regional development policies /[electronic resource] :by Francesco Grillo, Raffaella Y. Nanetti. - London :Palgrave Macmillan UK :2016. - xvii, 237 p. :ill., digital ;24 cm. - Palgrave advances in regional and urban economics. - Palgrave advances in regional and urban economics..

Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show a weak correlation between R&D expenditure and the acceleration of economic growth. Regional innovation policies display divergent returns according to different institutional conditions and policy choices. Grillo and Nanetti attempt to understand the reasons that lie behind differences in performance. Their results show that better performing innovation strategies require the following factors: clear choices of locally congruent smart specialization; strong capacity of public investment to stimulate additional private investment; clear distribution of responsibilities for decision-making and independence of policy implementation from political interference; and problem solving partnerships amongst innovators, universities, and governments that pre-exist the programmes. These factors point to a relationship between democracy (defined as openness of policy-making) and innovation (as technology-enabled growth) which is explored throughout this book.

ISBN: 9781137449665$q(electronic bk.)

Standard No.: 10.1057/9781137449665doiSubjects--Topical Terms:

559090
Technological innovations
--Economic aspects--European Union countries.

LC Class. No.: HC240.9.T4 / G75 2016

Dewey Class. No.: 338.064094

Innovation, democracy and efficiencyexploring the innovation puzzle within the european unions regional development policies /
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520 $a Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show a weak correlation between R&D expenditure and the acceleration of economic growth. Regional innovation policies display divergent returns according to different institutional conditions and policy choices. Grillo and Nanetti attempt to understand the reasons that lie behind differences in performance. Their results show that better performing innovation strategies require the following factors: clear choices of locally congruent smart specialization; strong capacity of public investment to stimulate additional private investment; clear distribution of responsibilities for decision-making and independence of policy implementation from political interference; and problem solving partnerships amongst innovators, universities, and governments that pre-exist the programmes. These factors point to a relationship between democracy (defined as openness of policy-making) and innovation (as technology-enabled growth) which is explored throughout this book.
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