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Innovation, Democracy and Efficiency

Exploring the Innovation Puzzle within the European Union’s Regional Development Policies

  • Francesco Grillo
  • Raffaella Y. Nanetti

Part of the Palgrave Advances in Regional and Urban Economics book series (PARUE)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Francesco Grillo, Raffaella Y. Nanetti
    Pages 1-28
  3. Francesco Grillo, Raffaella Y. Nanetti
    Pages 29-59
  4. Francesco Grillo, Raffaella Y. Nanetti
    Pages 60-111
  5. Francesco Grillo, Raffaella Y. Nanetti
    Pages 112-159
  6. Francesco Grillo, Raffaella Y. Nanetti
    Pages 160-194
  7. Back Matter
    Pages 195-237

About this book

Introduction

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.

Keywords

Innovation European Funds ESF ERDF R&D Programmes R&D investments R&D policies city democracy development Economic Development European Union (EU) regional development

Authors and affiliations

  • Francesco Grillo
    • 1
    • 2
  • Raffaella Y. Nanetti
    • 3
  1. 1.Vision & ValueItaly
  2. 2.Scuola Superiore Sant’AnnaPisaItaly
  3. 3.Urban Planning and PolicyUniversity of IllinoisChicagoUSA

Bibliographic information

  • DOI https://doi.org/10.1057/9781137449665
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-349-56350-0
  • Online ISBN 978-1-137-44966-5
  • Buy this book on publisher's site
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