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Regional Economics: Theory and Practice
 

A study of regional innovation systems from the industrial dimension: Systematization of modern conceptions

Vol. 14, Iss. 5, MAY 2016

PDF  Article PDF Version

Received: 2 November 2015

Accepted: 30 November 2015

Available online: 31 May 2016

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: B41, O31, P25

Pages: 98-108

Ruban D.A. Southern Federal University, Rostov-on-Don, Russian Federation
ruban-d@mail.ru

Importance The article deals with the research of regional innovation systems, carried out by the world's leading experts.
Objectives The aim of the work is the systematization of modern ideas on regional innovation systems oriented to individual sectors of the economy. The main tasks are the empirical classification of components and functions of these systems, and the formulation of recommendations for practice.
Methods I conducted the study on the basis of systematizing of modern views on regional innovation systems at the sectoral aspect, and paid particular attention to the selection of specific components of such systems and their implementation of specific functions.
Results I analyzed many relevant articles published in international scientific journals after 2010, and I show that specialized (sectoral) regional innovation systems are wide spread structures in the world economy, and their study is quite active in Europe and Latin America. I found that many specific components of these systems are relevant to the integration/consolidation, and to ensuring of the internal and external communications. The paper shows that the specialized regional innovation systems perform a variety of individual functions, which are the manifestation of general functions, and a number of them can be implemented in relation to specific sectors of the economy only.
Conclusions and Relevance Regional innovation systems, focused on one or two sectors of the economy are fairly commonplace in the modern world. The results can be used for effective public management of regional innovation systems, as well as in the planning of subsequent scientific study.

Keywords: innovation system, regional economy, economic branch, specialization, State governance, knowledge exchange

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