A key problem of downscaling or transferring policies across regions is embedding these policies into a place for them to unleash the full potential of regional economies. This paper elaborates on the analytical framework of “institutional context” to bridge the gap between rich theorizations and poor empirical capture of institutions in studies of regional development. The institutional context is constituted by three pillars—regulations, organizations, and institutions—as well as by the interrelations between these pillars. Applied to the British region of Coventry and Warwickshire, a qualitative analysis of expert interviews finds institutional patterns of short‐termism, moderate levels of social capital and an embryonic relational infrastructure to constrain the place‐based strategy for industrial diversification. This regional case illustrates the more general challenge for regional policy in the UK of devising place‐based strategies under conditions of continuous rescaling of regional governance and the implementation of a new National Industrial Strategy. In conclusion, the analysis suggests a shift from “nodal” to “linking” policies that support cross‐network connections and help grow a regional field for collective action to cross‐fertilize knowledge and foster innovation and entrepreneurship in emerging industries.

中文翻译：

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制度背景和地方政策：考文垂和沃里克郡

缩小规模或跨地区转移政策的关键问题是将这些政策嵌入到一个地方，以释放区域经济的全部潜力。本文阐述了“制度背景”的分析框架，以弥合在区域发展研究中丰富的理论与制度的不良实证研究之间的差距。制度环境是由三个支柱（法规，组织和机构）以及这些支柱之间的相互关系构成的。通过对英国考文垂和沃里克郡地区的定性分析，对专家访谈进行了定性分析，发现了短期主义，适度的社会资本水平和雏形的关系基础设施的制度模式，从而制约了基于地点的产业多元化战略。这一地区案例说明了在不断扩大地区治理规模和实施新的《国家产业战略》的条件下，制定基于地方的战略对英国的地区政策提出了更为普遍的挑战。总而言之，分析表明，从支持跨网络连接并帮助扩大区域行动范围的“节点”政策转变为“链接”政策，以交叉吸收知识并促进新兴产业的创新和企业家精神。