Abstract
Innovation potential and the creation of new knowledge, which is considered to be one of the main drivers of economic development, is particularly emphasized in region development [1,2,3]. However, in effect regions face significant barriers to the development of innovation and smart specialization. Despite strong institutional support impulses, the current contribution of regions to national competitiveness is debatable. As an example, the study analyses one of the regions of the EU Member State Latvia (Vidzeme), its contribution to national productivity and the main obstacles to the development of the region’s innovations - smart specialization. The results obtained in the context of a single region inductively highlight the weaknesses of region economy concept and point to opportunities for its improvement.
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Notes
- 1.
CSB definition: A high-growth company is a company with an average annual growth rate of at least 20% per year over a three-year period, where growth can be measured both in terms of number of employees and revenues.
- 2.
The authors’ outlined association with widely known and applied “push” and “pull” market strategies.
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Braslina, L. et al. (2020). Barriers to the Development of Regional Competitiveness in the Context of Regional Economies - EU, Latvia, Region Vidzeme Case Study. In: Kantola, J., Nazir, S., Salminen, V. (eds) Advances in Human Factors, Business Management and Leadership. AHFE 2020. Advances in Intelligent Systems and Computing, vol 1209. Springer, Cham. https://doi.org/10.1007/978-3-030-50791-6_1
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