Green technological diversification and regional recombinant capabilities: the role of technological novelty and academic inventors

We study the entry of regions in new green technological specializations, specifically investigating the role of recombinant novelty and academic inventors and the interplay between the two. We conduct an empirical analysis on a panel of Italian NUTS-3 regions observed from 1999 to 2009. The results show that both recombinant novelty and the presence of academic inventors are positively associated with new entries in green technological specializations, and that their interaction provides a compensatory mechanism in regions lacking adequate novel combinatorial capabilities. The findings of this study are relevant for policymakers involved in the elaboration of successful regional specialization strategies in green technological domains.