Innovation promotes change, development and transformation of capitalism through a continuous and incremental adaptation of economic and social organisation. In the development of new knowledge, firms have been identified as the main...
moreInnovation promotes change, development and transformation of capitalism through a continuous and incremental adaptation of economic and social organisation. In the development of new knowledge, firms have been identified as the main actors, without disregarding their interaction with territorial systems. Indeed, the significance of the local spatial dimension in the creation of new knowledge has been emphasised especially in the most recent literature. The global-local nexus that characterises the new ICT-based paradigm creates new conditions for knowledge creation as illustrated by the emergence of international corporate strategies to diversify the sectors of competence creation across locationally differentiated sources of innovation. Using patent data granted in the US to the largest European-owned electrical and electronic corporations and all the largest companies in other industries for their research located in European regions, this paper aims to investigate the regional d...
