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Bulletin of Geography. Socio-economic Series

Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units
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Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units

Authors

  • Teemu Makkonen University Of Helsinki

DOI:

https://doi.org/10.1515/v10089-011-0002-0

Keywords

Finland, regional socio-economic development, innovation, research and development, patents

Abstract

It is often argued that innovation plays a key role in the economic growth of regions. Therefore, the impacts of innovation on the socio-economic development of regions have been widely discussed in previous studies, but with divergent areal coverage, methods, and datasets. As a point for departure, these relationships redrawn from international literature are tested here with a single dataset from Finnish local administrative units and with coherent methods. As there does not seem to be a generally accepted indicator for innovation which can claim to be superior, despite the growing literature on the subject, research and development (R&D), and patent statistics are used in this paper to represent innovation activity. The significant, strong, and positive relationship between innovation and traditional socio-economic variables is verified using Finnish regions.

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Bulletin of Geography. Socio-economic Series

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Published

2011-05-19

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1.
MAKKONEN, Teemu. Innovation and Regional Socio-Economic Development - Evidence from the Finnish Local Administrative Units. Bulletin of Geography. Socio-economic Series. Online. 19 May 2011. No. 15, p. 27–42. [Accessed 4 July 2025]. DOI 10.1515/v10089-011-0002-0.
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