Regional Economic Systems: Competitiveness and Innovative Development

2012-05-17
Regional Economic Systems: Competitiveness and Innovative Development

The evolutionary theories and the focus on innovation in endogenous growth theory have made the innovative process central to any economic growth investigation. This paper is aimed to evaluate the regional disparities of socio-economic development in different Lithuanian counties, taking into account the impact of innovation level. The concept of competitiveness in this paper is similar to the concept of sustainable development. The regional disparities as intra-country analysis were evaluated by calculating the indexes. The regional competitiveness was defined as the ability to maintain a competitive position among other similar regions according to the differences in economic, social and environmental condi-tions.

Keywords: innovation, region, competitiveness, regional development.

Jel classification: O18, O31, R11.

doi:10.3846/bm.2012.046

Drozdz, J.; Volkov, A. Regional economic systems: competitiveness and innovative development // Business and Management 2012 / 7th International Scientific Conference, May 10-11, 2012, Vilnius, Lithuania, 2012, ISSN 2029-4441 print / ISSN 2029-929X online, ISBN 978-609-457-116-9 CD. P. 351-358,doi:10.3846/bm.2012.046. (ISI Proceedings).