Evolution of innovation policy in Emilia-Romagna and Valencia.pdf

INGENIO WORKING PAPER SERIES Evolution of innovation policy in Emilia-Romagna and Valencia: Similar reality, similar results? Manuel López-Estornell, David Barberá-Tomás, Andrés García-Reche, Francisco Mas-Verdú Working Paper Nº 2012/10 INGENIO (CSIC‐UPV) Working Paper Series 2012/10  Evolution Of Innovation Policy In Emilia- Romagna And Valencia: Similar Reality, Similar Results? a1 a b Manuel López-Estornell , David Barberá-Tomás , Andrés García-Reche , Francisco Mas-Verdúc a INGENIO (CSIC-UPV), Universitat Politècnica de València, Camino de Vera s/n 46022 Valencia, Spain. Tel. 34+ 96.387.70.48. b Universitat de València, Departamento de Economía Aplicada. c Universitat Politècnica de València, Departamento de Economía y Ciencias Sociales. Keywords: innovation policy; industrial district; Emilia-Romagna; Valencia Abstract: This paper examines the evolution of regional innovation policy in Emilia- Romagna, and Valencia, regions with similar economic features that implemented similar innovation policies in the 1970s and 1980s. We investigate whether their similarities have led to similar targets, policy tools and governance developments. We show that innovation policy in both regions suffered from the effects of privatization, budget constraints and changes to manufacturing during the 1990s and highlight the consequences. Although Emilia-Romagna experienced deeper change to its innovation policy, privatizations and/or the