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Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units (1)

Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local... Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units (1) It is often argued that innovation plays a key role in the economic growth of regions. Therefore, the impacts of innovation on the socio-economic development of regions have been widely discussed in previous studies, but with divergent areal coverage, methods, and datasets. As a point for departure, these relationships redrawn from international literature are tested here with a single dataset from Finnish local administrative units and with coherent methods. As there does not seem to be a generally accepted indicator for innovation which can claim to be superior, despite the growing literature on the subject, research and development (R&D), and patent statistics are used in this paper to represent innovation activity. The significant, strong, and positive relationship between innovation and traditional socio-economic variables is verified using Finnish regions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Bulletin of Geography. Socio-economic Series de Gruyter

Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units (1)

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References (63)

Publisher
de Gruyter
Copyright
Copyright © 2011 by the
ISSN
1732-4254
DOI
10.2478/v10089-011-0002-0
Publisher site
See Article on Publisher Site

Abstract

Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units (1) It is often argued that innovation plays a key role in the economic growth of regions. Therefore, the impacts of innovation on the socio-economic development of regions have been widely discussed in previous studies, but with divergent areal coverage, methods, and datasets. As a point for departure, these relationships redrawn from international literature are tested here with a single dataset from Finnish local administrative units and with coherent methods. As there does not seem to be a generally accepted indicator for innovation which can claim to be superior, despite the growing literature on the subject, research and development (R&D), and patent statistics are used in this paper to represent innovation activity. The significant, strong, and positive relationship between innovation and traditional socio-economic variables is verified using Finnish regions.

Journal

Bulletin of Geography. Socio-economic Series – de Gruyter

Published: Jan 1, 2011

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