With this paper we depict a typology of regions, capturing the diversity of regional innovation systems (RISs) across the EU-25. Following the RIS literature, we select twenty-one variables related to the ability of a region to generate and absorb knowledge, and its capacity to transform research and development into innovation and economic growth. On the basis of the results of principal components and cluster analyses, we identify seven types of RIS where the 186 regions group together according to their sectoral specialisation, technological and economic capacity, and performance. By allowing us to identify similar and more advanced regions, the paper facilitates comparisons and benchmarking between similar regions, thus enabling more accurate policy learning. For each group a number of policy recommendations are suggested, contingent on their local specific characteristics. In short, the contribution of this paper is twofold. Firstly, it provides the first RIS typology for the EU-25 regions completed using a large number of variables. Secondly, the conclusions obtained from the analysis may be used to lead policy makers' actions in the field of regional innovation policy in the EU.

This article analyses the influence of workforce ageing on labour productivity in Europe. This question is relevant because of the impact it may have on economic activity, social security systems sustainability and the wellbeing of the population. The method applied is a quantitative contrast using the panel data technique for 24 countries in the period 1983–2014. This research is framed in the open conversation in the literature on the possible impact of ageing on productivity and takes as reference the seminal work of James Feyrer and the contrast model developed by Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao. The results obtained show how a 1% increase in the workforce between the ages of 55 and 64 is related to a decrease of the annual increase in productivity between −0.106% and −0.479%. The main contribution of the article is to provide, as far as the authors are aware, the first evidence of this negative relationship for the period 1983–2014, in addition to suggesting that the influence of ageing on productivity may be reduced by the evolution of the economies in question toward capital and/or knowledge-intensive sectors.

At the macro level, different institutions (the OECD, the WEF, the UN) have developed sound methodologies to measure the economic, social and environmental impacts of economic activity. At the micro level (i.e., the firm level), it is crucial to develop a methodology to measure how firms contribute to human dignity and social welfare by generating value for stakeholders. Common accounting principles are primarily focused on determining annual profit/loss figures, contributing to shareholders’ interests and paying taxes. This accounting model must be complemented with a new approach that can interact with stakeholders while informing them about the value that firms are generating. The accounting process should be able to quantify not only profits but also the impact of firms on suppliers, customers, the environment, local communities, workers’ quality of life, employment and society overall. This paper’s primary contribution is to present a model that has the ability to monetize all of those interactions and impacts in a manner that is comparable, auditable, understandable and possible to be used by firms of all sizes.

New business models: Beyond the shareholder approach

Throughout Europe, policy-makers recognize the development potentials of regions in which multiple cities are located close to each other. However, developing synergies among these cities requires networking to optimize the critical mass and exploit complementarities. Much is expected of spatial planning in terms of fostering networks. However, little is known about the actual contribution planning may have in developing city networks, in particular, since it involves planning on a new scale and based upon new starting points and objectives. Exemplary is the territorial development strategy (1990s) of the Basque country aimed at developing the networking among its three main cities (Bilbao, San Sebastian and Vitoria) to develop a Basque ‘Global City’. We find that the leverage of this planning strategy has been poor, due to strong local identities and the lack of regional organizing capacity. This also appears to be common for other polycentric regions.