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Regional Smart Specialization: Microbusiness Impact

Author

Listed:
  • Yevheniia Polishchuk

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Alla Ivashchenko

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Anna Kornyliuk

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

Abstract

SMART specialization is a basic approach to the development of regional innovation policy. It involves identifying priority sectors of the local economy with the involvement of key stakeholders. Currently, statistics on the development of regions are presented in terms of large business, small and medium. In this context, the generally accepted methodology from the Joint Research Center of the European Commission has limited application. Because it does not take into account the performance of microbusiness (individual entrepreneurs). For countries with economies in transition, this is critical, as they reach 80% of the business structure. Therefore, considering their voice is also necessary. Our approach involves a combination of quantitative (assessment of innovation and economic potential of the region) and qualitative (survey of microbusiness representatives) methods to identify priority areas of SMART specialization. Approbation of the offered method was carried out on the example of the Mykolaiv region which is in the south of Ukraine. The results of the study have shown that the innovation of microenterprises is at a low level. At the same time, they demonstrate a high level of desire to be involved in the process of SMART specialization and innovation of production.

Suggested Citation

  • Yevheniia Polishchuk & Alla Ivashchenko & Anna Kornyliuk, 2020. "Regional Smart Specialization: Microbusiness Impact," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(5).
    • Handle: RePEc:bal:journl:2256-0742:2020:6:5:26
    DOI: 10.30525/2256-0742/2020-6-5-209-215
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    References listed on IDEAS

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    1. Stefano Poponi & Gabriella Arcese & Enrico Maria Mosconi & Michelangelo Arezzo di Trifiletti, 2020. "Entrepreneurial Drivers for the Development of the Circular Business Model: The Role of Academic Spin-Off," Sustainability, MDPI, vol. 12(1), pages 1-17, January.
    2. Mona Roman & Henry Varga & Vladimir Cvijanovic & Alasdair Reid, 2020. "Quadruple Helix Models for Sustainable Regional Innovation: Engaging and Facilitating Civil Society Participation," Economies, MDPI, vol. 8(2), pages 1-15, June.
    3. Ethan Gifford & Maureen McKelvey, 2019. "Knowledge-Intensive Entrepreneurship and S3: Conceptualizing Strategies for Sustainability," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
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    More about this item

    Keywords

    innovations; regional development; SMART specialization; SMEs; microbusiness;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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