This article introduces a theoretical and analytical framework for discussing regional development and regional advantage with reference to a regional innovation system strategy. It uses the differentiated knowledge base approach to transcend the traditional codified-tacit dichotomy of knowledge, and for providing a trans-sectoral understanding of economic activities. Different regional innovation systems are presented and described. The discussion of various types of regional innovation systems is contextualized using a variety of capitalist perspectives. The article concludes by discussing the question if regional innovation systems can exist.
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Björn Asheim (2007) studied this question.
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