Annals of the University of Oradea: Economic Science (Jul 2014)
REGIONAL INNOVATION POLICY AND SYSTEM - CASE OF LATVIA
Abstract
The increasing popularity of the concept of „regional innovation system” has been driven in part by greater international competition, lack of efficient traditional regional development models and policies in many regions around the world. The paper aims to describe situation on innovation policy and system of Latvia. The paper is organised as follows: Section 1 provides the theoretical background, summarising the understanding of the nature of regional innovation system. Then, Section 2 deals with regional innovation policy theoretical aspects. In Section 3 innovation policy of Latvia, key government players and European Regional Development Fund (ERDF) influence on innovation policy is discussed. Section 4 concludes innovation system and policy situation in Latvia. The methods used are: monographic, graphical method and case study.
