The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the conditions for a local random experiment created by Law 488/92 (henceforth L488), which has been an important policy instrument for reducing territorial disparities in Italy. The...

In recent years, not only has the network paradigm become the starting-point for policy measures aiming at a better exploitation of innovation potentials, but also the region, i.e. sub-national spatial entities, has been made an important platform for innovation policy implementation by national...

Concerns are mounting over the potential for weak future growth as the Korean economy faces a wide range of structural issues including an aging society, a crisis in key regional industries, and the COVID-19 pandemic. Due to these concerns, the Korean government has established innovation growth...

This paper aims to indicate that an economic recovery of the European economy can be pulled by an increase of the aggregate demand and by the adoption of a new European cohesion policy having an industrial and a territorial dimension. The paper illustrates a theoretical model: the model of the...

Purpose: Regional development must heavily rely on innovation in order to be competitive and improve the standard of living of its citizens. However, regional policies regarding innovation is often limited by decelerated decision making process which is often based on outdated qualitative...