ABSTRACT
Traditional regional policies have tended to assume interregional mobility of both capital and labour. Whatever the historical judgement on traditional policies, it is evident that they need to be transcended in a new era by a new policy framework. One of the main problems for innovative entrepreneurship — and networking — by small and medium-sized firms is the lack of a European venture capital market. The need for new dimensions to regional theory and policy - not only in the European Union - is in theory undisputed albeit in practice, when policymaking, progressing only slowly. The idea of regional networks evidently has many roots and diverse theoretical foundations. In order to exemplify such approaches a few empirical studies in the context of Austria’s regional setting will be reported. Using an input-output table and sector employment data at the district level Kubin/Steiner (1987) showed for Austria different degrees of intensity of regional industrial (and also service-oriented) complexes.
