Regional economic policy needs to be based on research that goes beyond the traditional regional benchmarks that simply compare all regions on many possible indicators, as exactly this ignores specific regional differences. We show how different networks of trade, knowledge or direct investment affect regional economic development and how policy makers could use the increasing flow in (inter-)regional information in policymaking within a theoretically sound framework.
Regional economic policy needs to be based on research that goes beyond the traditional regional composite and benchmark exercises that simply compare all regions on many possible indicators (Bristow, 2005). The availability of empirical data on networks of trade, knowledge and direct investment, enables us to strengthen the evidence base for smart specialisation strategies and help policymakers identify their knowledge-based strengths and weaknesses at a regional level. These inter-regional relations are central in new policy initiatives that are based on a systems way of thinking about innovation and growth and allow for tailored regional economic development strategies and policies.
Interaction with the audience: The session is constructed around two interactive tools on regional economic policymaking: "An integrated regional economic development strategy", that gives abundant information on regional economic policies for all nuts two regions ( https://themasites.pbl.nl/winnaars-verliezers-regionale-concurrentie/ ), and the "Monroe modelling toolkit and interactive online tool" that allows policymakers to quantitatively evaluate the impacts of their specific research and innovation (R&I) policies. The interaction with the audience will be based on assessing the tools given different policy questions for individual regions present, where the audience is guided how to use the tools. In a central discussion with the audience by means of interactive internet voting the importance of networks in policymaking is addressed.
- Moderator: Philip McCann, University of Sheffield, UK
- Prof. Raquel Ortega-Argilés, Birmingham University, UK. The importance of networks in regional smart specialization policies.
- Prof. Frank van Oort, Erasmus University Rotterdam, The Netherlands. Brexit: The regional economic importance of value added trade networks.
- Dr. Mark Thissen, PBL Netherlands Environmental Assessment Agency, The Netherlands. An integrated regional economic development strategy (web-tool).
- Dr. Nicola Cortinovis, Erasmus University Rotterdam, The Netherlands. The importance of knowledge networks in regional economic development.
- Dr. Olga Ivanova, PBL Netherlands Environmental Assessment Agency, The Netherlands. Monroe (horizon2020) interactive online tool for regional research and innovation policies.
Building SQUARE - Brussels Convention Centre, Room 201 A+201 B.