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Fundamentos económicos de la especialización inteligente

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  • Dominique Foray

    (Ecole Polytechnique Fédérale de Lausanne (Suiza))

Abstract

This paper builds on the economic fundamentals of smart specialization. It starts explaining a coherent vision of the goals of this policy approach and then, explores the requirements and implications that are consistent with giving an operational content to this conceptualization. The smart specialization strategy is part of the so-called ‘New Industrial Policy’ that aims at designing and make compatible two critical and somewhat conflicting requirements: identifying priorities in a vertical logic (specialization) and keeping market forces working to reveal domains and areas where priorities should be selected. The policy challenge is enormous. However, we need to see this challenge as an opportunity for improving human capital and creating a pocket of bureaucratic excellence in regional administrations.

Suggested Citation

  • Dominique Foray, 2013. "Fundamentos económicos de la especialización inteligente," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 55-82.
    • Handle: RePEc:ekz:ekonoz:2013202
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    More about this item

    Keywords

    smart specialization; regional policy; entrepeneurial discovery;
    All these keywords.

    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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