European regions transitioning to green markets: the role of related capabilities and public procurement policies
研究欧洲地区如何发展绿色市场专业化，发现相关技术领域和市场的能力以及绿色公共采购政策都促进了区域绿色市场专长的形成。
The sustainability transition remains high on the European policy agenda, with an emerging understanding that focusing on green technologies is not enough to achieve disruptive sustainability. An overall green transformation of current systems of production and consumption also requires market formation processes whereby green markets become viable economic opportunities for regions to specialize in. In this study, we draw on insights from evolutionary economic geography and geography of transitions to understand how regions develop green market specializations. To do so, we investigate two key sets of factors. First, we consider the evolutionary capability development process whereby new specializations emerge from existing related regional capabilities, in a path-dependent way. Second, we account for green public procurement initiatives to capture path-creation efforts in the form of deliberate regional policy directed towards green market formation. Our empirical analysis focuses on European regions in the period 2000–2020. We employ original trademark-based metrics to capture regional specializations in green markets and combine them with patent data to construct relatedness linkages between technologies and markets. Our results reveal that only a few regions were able to develop specializations in green markets. We find that both prior capabilities in related technological domains and markets were positively associated with the emergence of these regional specializations. In addition, we also find that green public procurement was positively associated with the emergence of regional green market specializations. Our findings bear relevance for policy and research alike. • Disruptive sustainability requires a transition in markets and not only in technologies. • We investigate whether and how European regions become green market leaders. • We combine insights from evolutionary economic geography and transition theories. • Our conceptual and empirical focus is on related capabilities and public procurement efforts. • Our findings indicate that both factors matter for regional green market specializations.