Bootstrapping Capital for Regional Innovation Economic Growth: New Regional Securities Markets

2008 ◽  
Author(s):  
Thomas E. Vass
Keyword(s):  
Economic Growth ◽  
Securities Markets ◽  
Regional Innovation

Illusions of Clustering: A Systematic Evaluation on the Effects of Clusters on Regional Economic Performance in Korea

2021 ◽  
pp. 016001762110187
Author(s):  
Hyunha Shin ◽  
Junseok Hwang
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Local Governments ◽  
Regression Models ◽  
Regional Growth ◽  
Systematic Evaluation ◽  
Regional Innovation ◽  
Regional Economic ◽  
Pca Method ◽  
Regional Economic Performance

Korea has pursued a cluster-based policy to increase industrial competitiveness and to alleviate development gaps between the regions. However, local governments have often oversupplied clusters without an objective examination of the demands and conditions in the regions. Based on these concerns, this study analyses effects and interdependencies of factors related to regional innovation and growth in Korea. Employing a PCA method and a GLS regression models on panel data, we generated three composite factors, social, capacity, and clustering, and estimated their effects on regional economic performance. The results show that it is important to have a favorable socio-economic setting to foster growth by clusters. In addition, cluster-based policies may have weaker effects than expected, because the effect of R&D capacity on regional growth was stronger and longer lasting. Finally, some specific elements that most affected economic growth in Korea’s regions are identified. The overall results indicate favorable environments should be established beforehand to foster regional growth with clusters, which confirms “jobs follow people.”

scholarly journals Innovation indicators in the context of Romanian SMEs: A research agenda

2020 ◽  
Vol 14 (1) ◽  
pp. 149-158
Author(s):  
Ioana Alexandra Onea
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
Innovation Management ◽  
Descriptive Analysis ◽  
Business Environment ◽  
Regional Innovation ◽  
Actual Application ◽  
Medium Enterprises ◽  
Key Terms ◽  
Innovation Indicators

AbstractThe purpose of this paper is to present an overview of the theoretical connection between key terms such as innovation indicators and entrepreneurship, highlighting the main trends of innovative activities and practices in the context of Romanian small and medium enterprises. Innovation management has gained an increased interest nowadays since it provides tools for creating competitive advantage and economic growth for enterprises. In this sense, at global and European Union level, innovation indicators have been identified in order to measure the efficiency of innovation. In addition, innovation and entrepreneurship have been connected by scholars, since their application provides business opportunities. Starting from the Europe 2020 Strategy that has innovation as a pillar for reaching economic growth, the present study provides a descriptive analysis of the Regional Innovation Scoreboard 2019 report, followed by a comparative analysis of the European Innovation Scoreboard reports published in the last 5 years. The present paper contributes to the existing knowledge regarding the actual application of innovation indicators in Romanian SMEs. The paper provides an answer to the research questions, which focus on depicting what are the exact innovation indicators that characterize the activities of Romanian SME and what are the trends and weaknesses in the actual business environment in terms of innovative endeavors. This paper provides some recommendations in terms of improvement of innovative efforts for the enterprises that operate in the Romanian market.

Creative industry clusters, regional innovation and economic growth in China

2014 ◽  
Vol 6 (4) ◽  
pp. 329-347 ◽  
Author(s):  
Wentao Yu ◽  
Jin Hong ◽  
Yunhao Zhu ◽  
Dora Marinova ◽  
Xiumei Guo
Keyword(s):  
Economic Growth ◽  
Creative Industry ◽  
Industry Clusters ◽  
Regional Innovation

scholarly journals THE ROLE OF BANKS AND SECURITIES MARKETS IN THE POST-TRANSITION ECONOMIES OF EASTERN EUROPE

2020 ◽  
Author(s):  
Sasho Arsov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Eastern Europe ◽  
Banking Sector ◽  
Positive Impact ◽  
Financial Sector ◽  
Securities Markets ◽  
Positive Role ◽  
The Impact

Economic theory predicts that the development of the financial sector should have a positive impact on the overall economic development. Research has predominantly confirmed this expectation, with the remark that at earlier stages of economic development this impact should be higher, while a disproportionate banking sector has detrimental effect on growth through its impact on attracting highly skilled workforce, increased presence of moral hazard and the associated banking crises. This issue has been studied only occasionally in the case of the former socialist economies of Central and Eastern Europe and the former USSR. This paper represents an attempt to analyze the impact of the banking sector and securities markets development on the economic growth of these countries. A sample of 22 countries is assembled, using data from 1995 to 2018 and a panel regression and a GMM technique are used to derive conclusions on the researched topic. The analysis has shown that the banking sector has played a positive role in the economic growth throughout the analyzed period, while the role of the stock market is not significant. This is in line with the previous studies which have confirmed that the positive role of the securities markets should be expected only at higher levels of economic development. Also, the impact of the overall financial sector is deemed to be positive.

scholarly journals Role of the Innovation System in Supporting Regional Agriculture Development: Evidence from Southeast Sulawesi Province Indonesia

2020 ◽  
Vol 9 (5) ◽  
pp. 78
Author(s):  
Julian Witjaksono ◽  
Jefny B. Markus Rawung ◽  
Rita Indrasti ◽  
Siti Sehat Tan
Keyword(s):  
Economic Growth ◽  
Local Government ◽  
Human Resources ◽  
Research And Development ◽  
Innovation System ◽  
Human Resources Development ◽  
Regional Innovation ◽  
Regional Autonomy ◽  
Agriculture Development

Agriculture development in the regional autonomy needs more strong effort and more systematic in order to implement the equity of economic growth. This paper aim to describe the data and information related with evaluation worked of regional of research and development institutional in supporting innovation system. This assessment has shown that the development of agriculture innovation system in regional autonomy faced some constrains, viz. lack of human resources development and less supporting research infrastructure of research institutional. Besides, the policy which has been implemented by local government and local parliament did not match with the needed of regional innovation.

scholarly journals Islamic securities (Sukuk) and economic growth: New empirical investigation from Southeast Asia using non-parametric analysis of MCMC panel quantile regression

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammed Ayoub Ledhem ◽  
Mohammed Mekidiche
Keyword(s):  
Economic Growth ◽  
Southeast Asia ◽  
Endogenous Growth ◽  
Parametric Analysis ◽  
Empirical Investigation ◽  
Securities Markets ◽  
Content Type ◽  
Endogenous Growth Theory ◽  
Panel Quantile Regression ◽  
Non Parametric

PurposeThis paper aims to investigate empirically whether Islamic securities enhance economic growth in the Southeast Asian region based on the endogenous growth theory using the non-parametric analysis.Design/methodology/approachThis paper applies panel quantile regression with Markov chain Monte Carlo optimization as an optimal non-parametric approach to investigate the effect of Islamic securities on economic growth starting from 2013Q4 to 2019Q4 in Southeast Asia. Total issued Islamic securities holdings are employed as a measure for Islamic securities, while the gross domestic product is employed as a proxy for economic growth. The sample includes all working Islamic financial foundations in the top progressive Islamic securities markets' countries of Southeast Asia (Malaysia, Indonesia and Brunei Darussalam).FindingsThe findings confirm that the increase of issuing Islamic securities in Islamic capital markets of Southeast Asia is increasing the levels of economic growth, reflecting the weighty role of the Islamic capital market development as an active contributor to economic growth.Practical implicationsThis research would fill the literature gap by exploring Islamic securities–economic growth nexus in Southeast Asia using a robust non-parametric approach based on the endogenous growth theory for better estimation results. The findings of this review serve as a roadmap for financial analysts, policymakers and decision makers to stimulate the Islamic securities markets as another source of finance which can promote the economic growth.Originality/valueThis research is the first that investigates empirically the Islamic securities–economic growth nexus in Southeast Asia using a new empirical investigation built on the non-parametric analysis and outlined within the theoretical context of the endogenous growth model to gain robust evidence about this nexus.

scholarly journals Factors in Innovative Development of a Region

REGIONOLOGY ◽  
2019 ◽  
Vol 27 (4) ◽  
pp. 661-677
Author(s):  
Irina B. Yulenkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
System Analysis ◽  
Necessary Conditions ◽  
Innovative Development ◽  
Regional Innovation ◽  
Factors Affecting ◽  
Comparison Results ◽  
Socio Economic Development ◽  
The Impact

Introduction. Innovation is one of the necessary conditions for economic growth and development of society. Depending on the level of processes of innovation, directions and pace of development of regions are determined in terms of qualitative transformations and the increase in basic economic indicators. The necessary conditions for innovative development and sustainable economic growth in a region include identification of factors affecting innovative activities. In this regard, the study of innovative development of regions is of particular importance and relevance. The purpose of this research is to substantiate the systematic approach to the classification of factors in innovative development of regions in the context of their influence on sustainable socio-economic development of territories. Materials and Methods. The object of this research was innovative development of a region exemplified by the case of the Republic of Mordovia. Regional statistics was used as the information base for the research. The study employed the methods of factor and system analysis, expert survey, planning, forecasting and comparison. Results. The features of the innovative development of a region have been determined. The factors affecting the innovative development of a region have been classified. According to the author, using the indicated factors makes it possible to develop a strategy for the growth of innovative activities in a region. The factors have been analyzed and it has been proved that they affect the level of regional innovation processes. Discussion and Conclusion. Determination of the institutional conditions and the impact of internal and external factors, identifying the optimal level of correlation of maximum income and minimum costs will lead to the expansion of innovative activities of enterprises in a region, which will ensure the innovative and socio-economic development of the region. The results obtained serve as the basis for assessing the attractiveness of a region in terms of investment and provide a forecast for the impact of innovation on the regional growth. The results of this research have practical relevance and can be used in the practice of stimulating innovative activities in regions.

scholarly journals The nature of publicly funded innovation and implications for regional growth

2018 ◽  
Vol 28 (1) ◽  
pp. 6-21 ◽  
Author(s):  
Chay Brooks ◽  
Cristian Gherhes ◽  
Tim Vorley ◽  
Nick Williams
Keyword(s):  
Economic Growth ◽  
Business Model ◽  
Regional Growth ◽  
Business Model Innovation ◽  
Regional Economic Growth ◽  
City Region ◽  
Regional Innovation ◽  
Regional Economic ◽  
Content Type ◽  
The Impact

Purpose The aim of this paper is to unpack the nature of business innovation and understand the impact on regional innovation and competitiveness. Design/methodology/approach The paper is based on a qualitative study of Advanced Manufacturing and Advanced Materials businesses in the Sheffield City Region (UK). Interviews were conducted with 23 firms in exploring how innovation in the firm translates to innovation-led regional economic growth. Findings The paper demonstrates that there is a tendency of owner managers to focus on innovation in terms of the development of new products, processes and/or services. Many of the businesses interviewed were technologically innovative, yet there was little evidence of wider business model innovation. This, the authors conclude, stymies regional innovation and with it regional economic growth. Research limitations/implications This study is based on a case study of the Sheffield City Region and is not generalizable, but offers insights into the nature of business model innovation which are valuable in generating questions for further research. Practical implications The paper highlights the need to think of innovation in broader terms and the scope of business model innovation to not only improve the performance of firms but also regional economic growth. Originality/value Business model innovation is a growing domain of the literature, and this paper highlights how narrow interpretations of innovation may serve to limit growth business growth, and with it regional economic growth.

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