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Cover; Title; Copyright; Contents; List of Figures; List of Tables; Preface; Acknowledgements; About the Authors; 1 The Challenge of Innovation Policies; 1.1 Introduction; 1.2 What innovation is, after all, and why a definition matters; 1.3 Endogenous growth theory and its impact on regional development policies; 1.4 Empirical evidence and the puzzle of innovation; 1.5 Why innovation policies may fail; 1.5.1 Crowding out of private investment; 1.5.2 Separation of innovators and administrators and the regional innovation paradox; 1.5.3 Spillover and human capital.

1.5.4 Scale and specialization1.6 Merits and limits of Smart Specialization as the new paradigm of innovation in EU regional policies; 1.7 Democracy and efficiency for success in innovation: a conceptual framework of partnerships; 1.8 Organization of the book; 2 Regional Case Studies and Institutional Settings; 2.1 Exploring the thesis: six case studies and their approach to innovation policies; 2.2 Innovation and regional policies: two different approaches; 2.2.1 Are regional innovation policies worthwhile? Two different answers.

2.2.2 How much regionalization is needed for regional policies?2.3 UK: the paradox of innovation policies in an innovation-driven economy; 2.3.1 Economic structure and research expenditure similarities and differences: university system capabilities; 2.3.2 Welsh Development Agency and Wales as tiger economy of the 1990s; 2.3.3 The reversal of fortune after 2000; 2.4 Spain: innovation policies as a redistributive tool; 2.4.1 The advantage of having no alternative but to invest in innovation; 2.4.2 The difference in terms of leadership potential.

2.5 Comparing and contrasting institutional settings3 Innovation and the Puzzle of Devolution in the UK; 3.1 Three development policies and an institutional puzzle; 3.2 Differences in policy performance: 2000-2013; 3.2.1 Design of development and innovation strategies; 3.2.2 Capacity to make choices; 3.3 Devolution, centralization and innovation; 3.3.1 Wales: a failed devolution; 3.3.2 Yorkshire: a development strategy led by technocrats; 3.3.3 Scotland: conditions for successful decentralization; 3.3.4 Discontinuity of smart specialization.

3.4 Conclusions: appropriate institutional levels for successful innovation strategies4 Spain and Innovation as a Political Imperative; 4.1 A country defined by nationalism and autonomy; 4.2 Differences in performance; 4.2.1 The design of development and innovation strategies; 4.2.2 The making of choices; 4.3 Efficiency and democracy: the relationship revisited and affirmed; 4.3.1 Murcia: the risk of a cost-based economic development strategy; 4.3.2 Castilla y León: merits and limits of the centralized approach to innovation; 4.3.3 País Vasco: a pioneer of smart specialization.

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