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The objective of this chapter is to present two approaches useful in the study of the formation and dynamics of particular systems in the bioeconomy. Innovation systems have a horizontal perspective to production processes, while value-chains analysis adopts a vertical perspective. The innovation system approach conceptualises the circulation of knowledge within systems and the way in which the institutional environment favours the development of innovation. The value chain approach is interested in the co-creation of value, its circulation in the international division of labour, and the relations between regions in the world.
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