IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i16p10325-d892463.html
   My bibliography  Save this article

Intellectual Capital and Sustainable S3 in the Regions of Central Macedonia and Western Macedonia, Greece

Author

Listed:
  • George Martinidis

    (Post-Doctoral Researcher, School of Architecture, Aristotle University of Thessaloniki, 541 24 Thessaloniki, Greece)

  • Arkadiusz Dyjakon

    (Department of Applied Bioeconomy, Wroclaw University of Environmental and Life Sciences (UPWr), 50-375 Wrocław, Poland)

  • Stanisław Minta

    (Department of Applied Economics, Wroclaw University of Environmental and Life Sciences (UPWr), 50-375 Wrocław, Poland)

  • Rafał Ramut

    (Students Scientific Society of Market Analysis, Wroclaw University of Environmental and Life Sciences (UPWr), 50-375 Wrocław, Poland)

Abstract

European regions are facing many important challenges, as the need to recover from the pandemic coincides with the need to carry out the green and digital transitions foreseen in the European Green Deal, making the task harder, especially for less-developed regions. The paper considers making use of regional intellectual capital in the context of smart specialisation strategies (S3) as the most effective way to address these challenges and achieve smart, sustainable and inclusive growth. This is viewed through a closer look at two specific cases of Greek regions that are behind the EU mean in terms of development and innovation: Central Macedonia and Western Macedonia. Development trends, available intellectual capital and current smart specialisation strategies in these regions are examined. These result in concrete, evidence-based suggestions on how they can make maximum use of intellectual capital for the next generation of smart specialisation strategies to achieve growth via a focus on more innovative and sustainable activities.

Suggested Citation

  • George Martinidis & Arkadiusz Dyjakon & Stanisław Minta & Rafał Ramut, 2022. "Intellectual Capital and Sustainable S3 in the Regions of Central Macedonia and Western Macedonia, Greece," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10325-:d:892463
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/16/10325/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/16/10325/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Veldhuizen, Caroline, 2020. "Smart Specialisation as a transition management framework: Driving sustainability-focused regional innovation policy?," Research Policy, Elsevier, vol. 49(6).
    2. Dimitrios G. Ierapetritis, 2019. "Discussing the Role of Universities in Fostering Regional Entrepreneurial Ecosystems," Economies, MDPI, vol. 7(4), pages 1-30, December.
    3. Magdalena Kogut-Jaworska & Elżbieta Ociepa-Kicińska, 2020. "Smart Specialisation as a Strategy for Implementing the Regional Innovation Development Policy—Poland Case Study," Sustainability, MDPI, vol. 12(19), pages 1-21, September.
    4. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
    5. Eskarne Arregui-Pabollet & Mathieu Doussineau & Markus Dettenhofer, 2018. "An analytical framework to assess the governance of universities and their involvement in Smart specialisation strategies," JRC Research Reports JRC112706, Joint Research Centre.
    6. Vlados, Charis & Chatzinikolaou, Dimos, 2019. "Crisis and Entrepreneurship in Greece: Present, Past and Evolving Trends," DUTH Research Papers in Economics 8-2019, Democritus University of Thrace, Department of Economics.
    7. Domicián Máté & Adam Novotny & Daniel Francois Meyer, 2021. "The Impact of Sustainability Goals on Productivity Growth: The Moderating Role of Global Warming," IJERPH, MDPI, vol. 18(21), pages 1-13, October.
    8. Casado-Asensio, Juan & Steurer, Reinhard, 2014. "Integrated strategies on sustainable development, climate change mitigation and adaptation in Western Europe: communication rather than coordination," Journal of Public Policy, Cambridge University Press, vol. 34(3), pages 437-473, December.
    9. Fatime Barbara Hegyi & Francesco Prota, 2021. "Smart Specialisation Process Evaluation: Monitoring and Evaluation Experience across Europe," JRC Research Reports JRC123920, Joint Research Centre.
    10. Luthans, Fred & Luthans, Kyle W. & Luthans, Brett C., 2004. "Positive psychological capital: beyond human and social capital," Business Horizons, Elsevier, vol. 47(1), pages 45-50.
    11. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    12. João J. Ferreira & Luís Farinha & Roel Rutten & Björn Asheim, 2021. "Smart Specialisation and learning regions as a competitive strategy for less developed regions," Regional Studies, Taylor & Francis Journals, vol. 55(3), pages 373-376, March.
    13. Dominique Foray, 2018. "Smart specialization strategies as a case of mission-oriented policy—a case study on the emergence of new policy practices," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 817-832.
    14. Mari José Aranguren & Edurne Magro & Mikel Navarro & James R. Wilson, 2019. "Governance of the territorial entrepreneurial discovery process: looking under the bonnet of RIS3," Regional Studies, Taylor & Francis Journals, vol. 53(4), pages 451-461, April.
    15. Raffaele Sisto & Javier García López & Alberto Quintanilla & Álvaro de Juanes & Dalia Mendoza & Julio Lumbreras & Carlos Mataix, 2020. "Quantitative Analysis of the Impact of Public Policies on the Sustainable Development Goals through Budget Allocation and Indicators," Sustainability, MDPI, vol. 12(24), pages 1-15, December.
    16. Silvia Megyesiova & Vanda Lieskovska, 2018. "Analysis of the Sustainable Development Indicators in the OECD Countries," Sustainability, MDPI, vol. 10(12), pages 1-22, December.
    17. Mikel Landabaso, 1997. "The promotion of innovation in regional policy: Proposals for a regional innovation strategy-super-1," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 9(1), pages 1-24, January.
    18. Lucía Muñoz-Pascual & Carla Curado & Jesús Galende, 2019. "The Triple Bottom Line on Sustainable Product Innovation Performance in SMEs: A Mixed Methods Approach," Sustainability, MDPI, vol. 11(6), pages 1-22, March.
    19. Jaffe, Adam B, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Value," American Economic Review, American Economic Association, vol. 76(5), pages 984-1001, December.
    20. Diamantis Koutsandreas & Evangelos Spiliotis & Haris Doukas & John Psarras, 2021. "What Is the Macroeconomic Impact of Higher Decarbonization Speeds? The Case of Greece," Energies, MDPI, vol. 14(8), pages 1-19, April.
    21. George Martinidis & Muluken Elias Adamseged & Arkadiusz Dyjakon & Yannis Fallas & Angeliki Foutri & Philipp Grundmann & Karen Hamann & Stanislaw Minta & Nikolaos Ntavos & Tora Råberg & Silvia Russo & , 2021. "How Clusters Create Shared Value in Rural Areas: An Examination of Six Case Studies," Sustainability, MDPI, vol. 13(8), pages 1-16, April.
    22. Uglis, Jarosław & Kozera-Kowalska, Magdalena, 2019. "Synthetic Measure Of Rural Area Attractiveness For Living, Working And Business Activities – Concept Analysis And Statistical Evaluation," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2019(2).
    23. Manuel Laranja & John Edwards & Hugo Pinto & Dominique Foray, 2020. "Implementation of Smart Specialisation Strategies in Portugal: An assessment," JRC Research Reports JRC121189, Joint Research Centre.
    24. Dominique Foray & Hugo Hollanders, 2015. "An assessment of the Innovation Union Scoreboard as a tool to analyse national innovation capacities: The case of Switzerland," Research Evaluation, Oxford University Press, vol. 24(2), pages 213-228.
    25. Michał Dudek & Ruta Śpiewak, 2022. "Effects of the COVID-19 Pandemic on Sustainable Food Systems: Lessons Learned for Public Policies? The Case of Poland," Agriculture, MDPI, vol. 12(1), pages 1-19, January.
    26. George Martinidis, 2017. "The Importance of Man Within the System: Defining and Measuring the Human Factor in Innovation, a Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 638-652, June.
    27. Magdalena Kozera-Kowalska & Jarosław Uglis & Jarosław Lira, 2021. "A framework to measure the taxonomic of economic anchor: A case study of the Three Seas Initiative countries," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-24, May.
    28. Karasmanaki, Evangelia & Ioannou, Konstantinos & Katsaounis, Konstantinos & Tsantopoulos, Georgios, 2020. "The attitude of the local community towards investments in lignite before transitioning to the post-lignite era: The case of Western Macedonia, Greece," Resources Policy, Elsevier, vol. 68(C).
    29. Elias Carayannis & Ruslan Rakhmatullin, 2014. "The Quadruple/Quintuple Innovation Helixes and Smart Specialisation Strategies for Sustainable and Inclusive Growth in Europe and Beyond," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(2), pages 212-239, June.
    30. Carlo Gianelle & Dimitris Kyriakou & Philip McCann & Kevin Morgan, 2020. "Smart Specialisation on the move: reflections on six years of implementation and prospects for the future," Regional Studies, Taylor & Francis Journals, vol. 54(10), pages 1323-1327, October.
    31. Paul Benneworth & Eskarne Arregui-Pabollet, 2021. "Higher Education for Smart Specialisation: The Case of the Northern Netherlands," JRC Research Reports JRC121432, Joint Research Centre.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    2. Magdalena Kogut-Jaworska & Elżbieta Ociepa-Kicińska, 2023. "Practical Implications of Smart Specialization Strategy: Barriers to Implementation, Role of the Public Sector, and Benefits for Entrepreneurs," SAGE Open, , vol. 13(2), pages 21582440231, June.
    3. Angela Wigger, 2023. "The New EU Industrial Policy and Deepening Structural Asymmetries: Smart Specialisation Not So Smart," Journal of Common Market Studies, Wiley Blackwell, vol. 61(1), pages 20-37, January.
    4. Jaanus Müür, 2022. "Intermediating Smart Specialisation and Entrepreneurial Discovery: The Cases of Estonia and Helsinki-Uusimaa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 541-573, March.
    5. Fil Kristensen, Iryna & Pugh, Rhiannon & Grillitsch, Markus, 2022. "Leadership and governance challenges in delivering place-based transformation through smart specialisation: Insights and policy implications from a metropolitan innovation leader region," Papers in Innovation Studies 2022/6, Lund University, CIRCLE - Centre for Innovation Research.
    6. Pegkas, Panagiotis & Staikouras, Christos & Tsamadias, Constantinos, 2019. "Does research and development expenditure impact innovation? Evidence from the European Union countries," Journal of Policy Modeling, Elsevier, vol. 41(5), pages 1005-1025.
    7. Dieter F Kogler & Emil Evenhuis & Elisa Giuliani & Ron Martin & Elvira Uyarra & Ron Boschma, 2023. "Re-imagining evolutionary economic geography," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(3), pages 373-390.
    8. Ricard Esparza-Masana, 2022. "Towards Smart Specialisation 2.0. Main Challenges When Updating Strategies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 635-655, March.
    9. Christina-Ioanna Papadopoulou & Efstratios Loizou & Fotios Chatzitheodoridis & Anastasios Michailidis & Christos Karelakis & Yannis Fallas & Aikaterini Paltaki, 2023. "What Makes Farmers Aware in Adopting Circular Bioeconomy Practices? Evidence from a Greek Rural Region," Land, MDPI, vol. 12(4), pages 1-17, April.
    10. Ron Boschma, 2022. "Evolutionary Economic Geography and Policy," Papers in Evolutionary Economic Geography (PEEG) 2220, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2022.
    11. Yong Kyu Lew & Jeong‐Yang Park, 2021. "The evolution of N‐helix of the regional innovation system: Implications for sustainability," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(2), pages 453-464, March.
    12. Ioannis Voutsinas & Constantinos Tsamadias & Elias Carayannis & Christos Staikouras, 2018. "Does research and development expenditure impact innovation? theory, policy and practice insights from the Greek experience," The Journal of Technology Transfer, Springer, vol. 43(1), pages 159-171, February.
    13. Uyarra, Elvira & Zabala-Iturriagagoitia, Jon Mikel & Flanagan, Kieron & Magro, Edurne, 2020. "Public procurement, innovation and industrial policy: Rationales, roles, capabilities and implementation," Research Policy, Elsevier, vol. 49(1).
    14. George Martinidis, 2017. "The Importance of Man Within the System: Defining and Measuring the Human Factor in Innovation, a Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 638-652, June.
    15. Dominique Foray, 2022. "The Economics of Incomplete Plan -on Conditions, Procedures and Design of Future Mission- Oriented Innovation Policies," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 123-146, December.
    16. Eleni Zafeiriou & Konstantinos Spinthiropoulos & Constantinos Tsanaktsidis & Stavros Garefalakis & Konstantinos Panitsidis & Alexandros Garefalakis & Garyfallos Arabatzis, 2022. "Energy and Mineral Resources Exploitation in the Delignitization Era: The Case of Greek Peripheries," Energies, MDPI, vol. 15(13), pages 1-20, June.
    17. Matteo Trane & Luisa Marelli & Alice Siragusa & Riccardo Pollo & Patrizia Lombardi, 2023. "Progress by Research to Achieve the Sustainable Development Goals in the EU: A Systematic Literature Review," Sustainability, MDPI, vol. 15(9), pages 1-37, April.
    18. Francesco Cappellano & Joanna Kurowska-Pysz, 2020. "The Mission-Oriented Approach for (Cross-Border) Regional Development," Sustainability, MDPI, vol. 12(12), pages 1-17, June.
    19. Zoltán Birkner & Ádám Mészáros & István Szabó, 2021. "Lessons Learnt: Changes in the Methodology of the Entrepreneurial Discovery Process in Defining the Priorities of Hungarian Smart Specialisation Strategies," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
    20. George Martinidis & Muluken Elias Adamseged & Arkadiusz Dyjakon & Yannis Fallas & Angeliki Foutri & Philipp Grundmann & Karen Hamann & Stanislaw Minta & Nikolaos Ntavos & Tora Råberg & Silvia Russo & , 2021. "How Clusters Create Shared Value in Rural Areas: An Examination of Six Case Studies," Sustainability, MDPI, vol. 13(8), pages 1-16, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10325-:d:892463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.