What we should know about regional systems of innovation
The concept of Regional Systems of Innovation (RSI) has recently become popular among academics of various disciplines. RSI results from a territorially embedded institutional infrastructure and a production system. The central idea is that the innovative performance of an economy depends on the innovative capabilities of firms and research institutions, and on the ways they interact with each other and public institutions. In this paper, discussion is structured around four key questions: (1) From which theoretical perspectives has the concept of RSI originated?; (2) Does this concept derive from other forms of industrial organization?; (3) Can different forms of RSI exist?; (4) What does the RSI concept fail to address?