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Regional Value Generation Systems

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  • Full or part time
    Dr K Galanakis
  • Application Deadline
    Applications accepted all year round

Project Description

The aim is to codify the process, identifying actions and priorities towards current development paths for priority sectors (e.g. biotechnology, energy, tourism, etc.) in different regions. The national innovation systems theory provides the theoretical framework that guided a series of studies. The findings demonstrate that the sustainable development of a technology- or science-based sector does not depend on the original priorities or directions, rather the level of consistency of those policies and their continuous evolvement towards a complete systemic value generation system. The realisation of this evolutionary strategy may lead even a small nation or underdeveloped region to succeed. A systems Dynamics methodology is proposed to simulate different scenarios of development.


ASHEIM, B., ISAKSEN, A., 2002. Regional innovation systems: The integration of local ‘sticky’ and global ‘ubiquitous’ knowledge. Journal of Technology Transfer 27, 77-86.
ASHEIM, B., COENEN, L., 2005. Knowledge bases and regional innovation systems: Comparing Nordic clusters. Research Policy 34, 1173-1190. AUTANT-BERNARD, C., FADAIRO, M. AND MASSARD, N., 2013. Knowledge diffusion and innovation policies within the European regions: Challenges based on recent empirical evidence. Research Policy, 42, 196-210.
BRACZYK, H., COOKE, P., HEIDENREICH, M., 2004. Regional Innovation Systems: The Role of Governance in a Globalized World, 2nd ed. UCL Press, London.
CARLSSON, B., JACOBSSON, S., HOLMÉN, M., RICKNE, A., 2002. Innovation systems: analytical and methodological issues. Research Policy 31, 233-245.
CHRISTENSEN, J., 2010. The Role of Finance in National Systems of Innovation, in Lundvall, B. (Ed.), National Systems of Innovation: Toward a Theory of Innovation and Interactive Learning. Anthem Press, London, New York, pp. 151-172.
EDQUIST, C., (Editor), 1997, Systems of Innovation Approaches – their Emergence and Characteristics, in EDQU ST CHARLES, Systems of Innovation. Technologies, Institutions and Organizations, Pinter.

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