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Evolution of innovation policy in Emilia-Romagna and Valencia: Similar reality, similar results?
This is an author's accepted manuscript of an article published in:
“European Planning Studies"; Volume 22, Issue 11, 2014; copyright Taylor & Francis; available online at: http://dx.doi.org/10.1080/09654313.2013.831398[EN] This paper examines the evolution of regional innovation policy in Emilia-Romagna and
Valencia, two regions with similar economic features that implemented close innovation policies in
the 1970s and 1980s. We investigate whether their similarities have led to parallel 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 we highlight the consequences. Although Emilia-Romagna experienced deeper changes
to its innovation policy, privatizations and/or the replacement of public funds promoted
commercial approaches and induced market failures in both regions. The worst effects of these
policies were the implementation of less-risky innovation projects, the shift towards extraregional
projects and markets, and the favouring of large firms.López Estornell, M.; Barberá Tomás, JD.; Garcia Reche, A.; Mas Verdú, F. (2013). Evolution of innovation policy in Emilia-Romagna and Valencia: Similar reality, similar results?. European Planning Studies. 22(11):2287-2304. doi:10.1080/09654313.2013.831398S22872304221