03963nam 22008055 450 991025488020332120251030100440.09781137449665113744966710.1057/9781137449665(CKB)3710000000636029(SSID)ssj0001647457(PQKBManifestationID)16414899(PQKBTitleCode)TC0001647457(PQKBWorkID)12852626(PQKB)11147247(DE-He213)978-1-137-44966-5(MiAaPQ)EBC4720258(Perlego)3487436(EXLCZ)99371000000063602920160210d2016 u| 0engurnn|008mamaatxtccrInnovation, Democracy and Efficiency Exploring the Innovation Puzzle within the European Union’s Regional Development Policies /by Francesco Grillo, Raffaella Y. Nanetti1st ed. 2016.London :Palgrave Macmillan UK :Imprint: Palgrave Macmillan,2016.1 online resource (XVII, 237 p.) Palgrave Advances in Regional and Urban Economics,2662-642XBibliographic Level Mode of Issuance: Monograph9781349563500 1349563501 9781137449658 1137449659 Includes bibliographical references and index.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.Palgrave Advances in Regional and Urban Economics,2662-642XDevelopment economicsInternational economic relationsCorporate governancePolitical scienceRegionalismUrban economicsDevelopment EconomicsInternational EconomicsCorporate GovernancePolitical ScienceRegionalismUrban EconomicsDevelopment economics.International economic relations.Corporate governance.Political science.Regionalism.Urban economics.Development Economics.International Economics.Corporate Governance.Political Science.Regionalism.Urban Economics.338/.064094Grillo Francescoauthttp://id.loc.gov/vocabulary/relators/aut219411Nanetti Raffaella Yauthttp://id.loc.gov/vocabulary/relators/autBOOK9910254880203321Innovation, Democracy and Efficiency2089744UNINA