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Title

Evolution of innovation policy in Emilia-Romagna and Valencia: Similar reality, similar results?

AuthorsLópez Estornell, Manuel ; Barberá Tomás, David ; García-Reche, Andrés; Mas-Verdú, Francisco
KeywordsInnovation policy
Industrial distric
Emilia-Romagna
Valencia
Issue Date2012
PublisherCSIC-UPV - Instituto de Gestión de la Innovación y del Conocimiento (INGENIO)
CitationWorking Paper Nº 2012/10
AbstractThis paper examines the evolution of regional innovation policy in Emilia-Romagna and Valencia, two regions with similar economic features that implemented close innovation policies in the 1970s and 1980s. We investigate whether their similarities have led to parallel targets, policy tools and governance developments. We show that innovation policy in both regions suffered from the effects of privatization, budget constraints and changes to manufacturing during the 1990s and we highlight the consequences. Although Emilia-Romagna experienced deeper changes to its innovation policy, privatizations and/or the replacement of public funds promoted commercial approaches and induced market failures in both regions. The worst effects of these policies were the implementation of less-risky innovation projects, the shift towards extra-regional projects and markets, and the favouring of large firms.
DescriptionIngenio Working Paper Series.
URIhttp://hdl.handle.net/10261/131989
Appears in Collections:(INGENIO) Informes y documentos de trabajo
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