Regional technology-based economic development and the recruitment and retention of talent is a top priority of city-regions in the United States and in countries around the world. However, policy recommendations from government officials, industry leaders and academics are often ambiguous or are in conflict. To address these issues, this book deals with the complex intersection of institutional theory and national and regional policy initiatives. It provides an overview of United States and Japanese technology policy development at the national level with case analyses of Austin, Texas and Tsuruoka, Japan to identify key regional strategies and processes that have resulted in successful endogenous technology-based business development and job creation. It offers an innovative analytical perspective to improve our understanding of how successful tech-based regional economic development works in theory and practice. The book’s discussion is grounded on important technology paradigm shifts in the US and Japan from 1970 to 1980 leading to current realities. To address the complex “Puzzle of Space” conundrum, the authors describe similarities and differences in regional development processes in Austin and Tsuruoka. They present a generalizable model indicating necessary and sufficient conditions linked to the building of new “Small i” institutions at normative and cognitive levels of analysis in consort with regulative policy and innovations at macro level “Capital I” institutions. The book clearly explains the relations between institutions and economic growth, an important issue in contemporary economics. The book’s conclusions clarify critical success factors for endogenous regional development growth theory and lead to recommendations for policymakers who are searching for ways to achieve success.

In recent years state and local governments, universities, and private sector groups have become increasingly active in promoting technological innovation and technology-based business development in their local economies. These efforts have resulted in productive new forms of partnership and cooperation at all levels. While federal programs have sometimes supported these efforts, and while recent changes in federal policy have improved the climate for high technology development initiatives, in most cases both the initiative and the ongoing leadership have come from imaginative state and local leaders. This five-chapter report provides: (1) an overview of high-technology development (HTD); (2) a definition and analysis of high-technology industries; (3) a discussion of entrepreneurship and venture capital in HTD; (4) a discussion of state and local government, university, and private sector initiatives for HTD; and (5) an examination of the federal role in regional HTD. Three reports are appended: they concern (1) the theoretical base for high-technology location and regional development, (2) a regional assessment of the formation and growth in high-technology firms, and (3) a preliminary investigation of recent evidence on high-technology industries' spatial tendencies. One factor examined in the latter report is the nature and diversity among high-technology industries in both growth performance and locational tendencies. (JN).

Originally published in 1990 this book provides an authoritative and detailed account of the initiatives of US state governments with science and technology programs designed to foster economic growth. Two key questions are posed: Do state governments have policy instruments that are sufficiently powerful to affect thelevels and growth rates of their regional economies? and Are national and global economic forces so powerful that they render state action ineffective? Several subsidiary themes are discusses in this context, namely: the most commonly used policy instruments, the impacts on federalism and on governance and how well the universities and other educational institutions serve the economic activities imposed on them.

"Regional technology-based economic development and the recruitment and retention of talent is a top priority of city-regions in the United States and in countries around the world. However, policy recommendations from government officials, industry leaders and academics are often ambiguous or are in conflict. To address these issues, this book deals with the complex intersection of institutional theory and national and regional policy initiatives. It provides an overview of United States and Japanese technology policy development at the national level with case analyses of Austin, Texas and Tsuruoka, Japan to identify key regional strategies and processes that have resulted in successful endogenous technology-based business development and job creation. It offers an innovative analytical perspective to improve our understanding of how successful tech-based regional economic development works in theory and practice. The book's discussion is grounded on important technology paradigm shifts in the US and Japan from 1970 to 1980 leading to current realities. To address the complex "Puzzle of Space" conundrum, the authors describe similarities and differences in regional development processes in Austin and Tsuruoka. They present a generalizable model indicating necessary and sufficient conditions linked to the building of new "Small i" institutions at normative and cognitive levels of analysis in consort with regulative policy and innovations at macro level "Capital I" institutions. The book clearly explains the relations between institutions and economic growth, an important issue in contemporary economics. The book's conclusions clarify critical success factors for endogenous regional development growth theory and lead to recommendations for policymakers who are searching for ways to achieve success"--

This monograph describes the economic rationales, policy elements, implementation mechanisms, and expected economic impacts of ""technology-based economic development"" (TBED) strategies that are being pursued in almost all 50 states within the U.S. economy.

This book is the first collection of scholarly writings on science and technology parks (STPs) that has an international perspective. It explores concrete ways to systematically collect information on public and private organizations related to their support of and activities in STPs, including incubation to start-up and scale-up, and collaborations with centers of knowledge creation. Rather than perpetuate the qualitative assessment of successful practices, the focus of this book is to present quantitative and qualitative evidence of the impact of STPs on regional development and to raise awareness on the importance of systematic data collection and analysis. Only through a systematic collection of data on fiscal identification numbers of companies, universities, and university spin-offs will it be possible to conduct current and especially future analyses on the impact of STPs on entrepreneurship, effectiveness of technology transfer, and regional economic development. To this extent, the synergistic views of academics, representatives from STPs, and policy experts are crucial.