Successful Economic Diversifications: Implications for Refining Smart Specialisation Strategies in Less Developed Regions

Title: Successful Economic Diversifications: Implications for Refining Smart Specialisation Strategies in Less Developed Regions
Authors: Pylak, KorneliuszKogler, Dieter Franz
Permanent link: http://hdl.handle.net/10197/10950
Date: 1-Jul-2019
Online since: 2019-07-30T10:19:35Z
Abstract: Related and unrelated diversification take ample space in scientific and political debates. Against the backdrop of refining smart specialisations strategies, this paper identifies diversification patterns towards the highest income growth in less developed areas in 1931–2000. It is argued that both related and unrelated (in longer-term) diversifications are fundamental for evolutionary growth of less developed regions, however, only the former process has been confirmed in the analyses. Both related variety of industries and expertise in 1931 also point to successful diversification. The implications for theories of Evolutionary Economic Geography and regional policy actions in less developed regions are discussed.
Funding Details: European Commission Horizon 2020
European Research Council
Type of material: Working Paper
Publisher: University College Dublin. Spatial Dynamics Lab
Series/Report no.: UCD Spatial Dynamics Lab Working Paper Series; WP19/XX
Copyright (published version): 2019 the Authors
Keywords: DiversificationDiversityRelated varietyPath-dependencySmart specialisation strategiesLess developed regions
Language: en
Status of Item: Not peer reviewed
Appears in Collections:UCD Spatial Dynamics Lab Working Papers

Show full item record

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.