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Empirical Assessment of the Smart Specialization Concept on Firm Performance in European Urban and Rural Regions

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  • Pia Nilsson

    (Jönköping University)

Abstract

This paper studies the role played by factors that are considered central to the concept of smart specialization on firm performance in a European context. The focus is on the type of spatial spillovers that occur at the firm level, which are connected to technological relatedness and knowledge externalities. The influence of such externalities is studied using firm-level data on firms located across Europe and unobserved heterogeneity and spatial dependencies are modelled by employing a multilevel model. Diverging patterns across the urban-rural range are studied by applying a regional typology. Findings indicate that measures thought to reflect smart specialization are positively associated with firm performance. It is also found that indicators of smart specialization do not affect firm performance homogenously across the studied regions.

Suggested Citation

  • Pia Nilsson, 2017. "Empirical Assessment of the Smart Specialization Concept on Firm Performance in European Urban and Rural Regions," The Review of Regional Studies, Southern Regional Science Association, vol. 47(2), pages 153-174, Summer.
    • Handle: RePEc:rre:publsh:v47:y:2017:i:2:p:153-174
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    Citations

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    Cited by:

    1. Vijaya Kumar Murty & Sukarmina Singh Shankar, 2020. "Towards a Scalable Architecture for Smart Villages: The Discovery Phase," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    2. Igor Britchenko & Tetiana Romanchenko & Oleksandr Hladkyi, 2019. "Potential of Sustainable Regional Development in View of Smart Specialisation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 88-109.
    3. Hädrich, Tobias & Reher, Leonie & Thomä, Jörg, 2023. "Solving the puzzle? An innovation mode perspective on lagging regions," ifh Working Papers 42/2023, Volkswirtschaftliches Institut für Mittelstand und Handwerk an der Universität Göttingen (ifh).

    More about this item

    Keywords

    firm performance; related variety; smart specialization; urban-rural;
    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
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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