A place-based developmental regional industrial strategy for sustainable capture of co-created value

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A place-based developmental regional industrial strategy for sustainable capture of co-created value. / Bailey, David; Pitelis, Christos; Tomlinson, Philip R.

In: Cambridge Journal of Economics, Vol. 42, No. 6, 11.2018, p. 1521–1542.

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@article{b714b47cb83c4b93940457e257a807d3,
title = "A place-based developmental regional industrial strategy for sustainable capture of co-created value",
abstract = "This paper critically assesses recent place-based approaches to industrial and regional policy epitomised in the EU{\textquoteright}s 2020 {\textquoteleft}smart specialisation{\textquoteright} programme. It suggests that these are a move in the right direction in so far as they acknowledge {\textquoteleft}place{\textquoteright} as a key, constituent part of policymaking. Drawing upon examples from across the world, we emphasise the importance of regions pursuing strategies that allow them to capture—in a sustainable way—a part of the value they help create and co-create with other entities, such as multinational firms and other organisations. This involves policymakers acting as public entrepreneurs, devising and implementing strategies, structures and policies to enable the regional ecosystem and its constituent parts to capture value sustainably. In addition to the extant focus on linkages and embeddedness, a key aspect of this involves the adoption of regional value capture and positioning strategies.",
keywords = "Place-based industrial strategy, Ecosystems, Smart specialisation, Value creation and capture, Sustainable regional advantage",
author = "David Bailey and Christos Pitelis and Tomlinson, {Philip R}",
year = "2018",
month = nov,
doi = "10.1093/cje/bey019",
language = "English",
volume = "42",
pages = "1521–1542",
journal = "Cambridge Journal of Economics",
issn = "0309-166X",
publisher = "Oxford University Press",
number = "6",

}

RIS

TY - JOUR

T1 - A place-based developmental regional industrial strategy for sustainable capture of co-created value

AU - Bailey, David

AU - Pitelis, Christos

AU - Tomlinson, Philip R

PY - 2018/11

Y1 - 2018/11

N2 - This paper critically assesses recent place-based approaches to industrial and regional policy epitomised in the EU’s 2020 ‘smart specialisation’ programme. It suggests that these are a move in the right direction in so far as they acknowledge ‘place’ as a key, constituent part of policymaking. Drawing upon examples from across the world, we emphasise the importance of regions pursuing strategies that allow them to capture—in a sustainable way—a part of the value they help create and co-create with other entities, such as multinational firms and other organisations. This involves policymakers acting as public entrepreneurs, devising and implementing strategies, structures and policies to enable the regional ecosystem and its constituent parts to capture value sustainably. In addition to the extant focus on linkages and embeddedness, a key aspect of this involves the adoption of regional value capture and positioning strategies.

AB - This paper critically assesses recent place-based approaches to industrial and regional policy epitomised in the EU’s 2020 ‘smart specialisation’ programme. It suggests that these are a move in the right direction in so far as they acknowledge ‘place’ as a key, constituent part of policymaking. Drawing upon examples from across the world, we emphasise the importance of regions pursuing strategies that allow them to capture—in a sustainable way—a part of the value they help create and co-create with other entities, such as multinational firms and other organisations. This involves policymakers acting as public entrepreneurs, devising and implementing strategies, structures and policies to enable the regional ecosystem and its constituent parts to capture value sustainably. In addition to the extant focus on linkages and embeddedness, a key aspect of this involves the adoption of regional value capture and positioning strategies.

KW - Place-based industrial strategy

KW - Ecosystems

KW - Smart specialisation

KW - Value creation and capture

KW - Sustainable regional advantage

U2 - 10.1093/cje/bey019

DO - 10.1093/cje/bey019

M3 - Article

VL - 42

SP - 1521

EP - 1542

JO - Cambridge Journal of Economics

JF - Cambridge Journal of Economics

SN - 0309-166X

IS - 6

ER -