Quotation Aiginger, Karl, Firgo, Matthias. 2015. Regional Competitiveness Under New Perspectives. Welfare, Wealth and Work for Europe.


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Abstract

The term “competitiveness” has been used in conceptually distinct ways at the firm, regional and national levels. After primarily reviewing existing concepts at the national level, we introduce a new definition of regional competitiveness ad apting definitions used in the academic literature. Specifically, we connect “outcome competitiveness” with new perspectives on a more socially inclusive and ecologically sustainable growth path, as envisaged in the WWWforEurope research program, in which 33 European research groups are taking part. Evaluating competitiveness requires both an input assessment (costs , productivity, economic structure, capabilities) and an outcome assessment. We define regional outcome competitiveness as the ability of a region to deliver Beyond GDP goals. For regions in industrialized countries, this ability depends on innovation, edu cation, institutions, social cohesion and ecological ambition. Given this new perspective (of broader Beyond GDP goals), social investments and ecological ambitions should not be considered costs, but rather drivers of competitiveness. This is compatible w ith a new innovation policy fostering non -technical innovations and a new industrial policy supporting societal goals. Applying this concept to European regions, we show which regions take the "high road" to competitiveness and compare our results with the existing literature.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Regional Competitiveness Under New Perspectives
Title of whole publication Welfare, Wealth and Work for Europe
Year 2015
URL http://www.wifo.ac.at/jart/prj3/wifo/resources/person_dokument/person_dokument.jart?publikationsid=58501&mime_type=application/pdf
JEL 31, O47, Q56, R11, R58

Associations

People
Aiginger, Karl (Details)
Firgo, Matthias (Former researcher)
Organization
Department of Economics DP (Details)
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