Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy

No 2018/3: Place-based entrepreneurship and innovation policy for industrial diversification

Markus Grillitsch ()
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Markus Grillitsch: Lund University, Postal: Sweden

Abstract: This paper proposes a conceptual and analytical framework for the development of place-based entrepreneurship and innovation policies aiming at industrial diversification. The starting point for this paper is the entrepreneurial ecosystem concept, which is frequently used to inform such policies. However, this concept does not specify the causal mechanisms driving industrial diversification. Furthermore, it remains questionable to what extent the concept can be applied to different regional contexts. In order to address these shortfalls, this paper i) discusses the barriers and opportunities for industrial diversification in different regional contexts, and ii) introduces a place-based policy framework for new industrial path development through entrepreneurship and innovation policies.

Keywords: economic diversification; new industrial path development; innovation; entrepreneurship; entrepreneurial ecosystems; place-based policy

JEL-codes: L50; O10; O30; O38; R10; R58

21 pages, February 6, 2018

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