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Barriers to the Development of Regional Competitiveness in the Context of Regional Economies - EU, Latvia, Region Vidzeme Case Study

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11 Citations (Scopus)

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 [1–3]. 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.

Original languageEnglish
Title of host publicationAdvances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership
EditorsJussi Ilari Kantola, Salman Nazir, Vesa Salminen
Pages3-10
Number of pages8
Volume1209 AISC
DOIs
Publication statusPublished - 2020

Publication series

NameAdvances in Intelligent Systems and Computing
Volume1209 AISC
ISSN (Print)2194-5357
ISSN (Electronic)2194-5365

Keywords

  • Innovations
  • Region competitiveness
  • Region development
  • RIS3
  • Smart specialization

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