000			01733nab a2200193 4500
003			OSt
005			20230828182059.0
007			cr aa aaaaa
008			230828b |||||||| |||| 00| 0 eng d
100			_aJones, Calvin _957245
245			_aCapital ownership, innovation and regional development policy in the economic periphery: _bEnergy industry case/
260			_bSage, _c2020.
300			_a Vol. 35, Issue 6, 2020 ( 545–565 p.)
520			_aThis paper examines how far patterns of external ownership affect benefits from industry geographical proximity. The case explores investments in energy and electricity supply in Wales. Geographically related benefits are examined through a Smart Specialisation lens, in the areas of innovation; firm-to-firm interaction; the labour market and public sector intervention. We find evidence that the ownership model or ‘home location’ of key firms is an important factor driving local economic benefits, and explore related policy implications. The case shows that the location of ownership is a key factor in firm innovative behaviour, and that the scale and nature of any benefits from industry geographical proximity will be dependent on where key decision centres lay. In spite of Wales’ comparative advantage in energy, the paper reveals no dynamic ‘melt’ of interactive and engaged firms and labour, but a functionally narrow, low value economic landscape. This leads to a request for more focus on the ownership and contextual factors that may drive the benefits of industrial proximity for places.
700			_aMunday, Max _957246
773	0		_011252 _917101 _dSage, 2019. _tLocal economy
856			_uhttps://doi.org/10.1177/0269094220968048
942			_2ddc _cEJR
999			_c14344 _d14344