Smart specialisation, regional growth and applications to EU cohesion policy
AbstractThis paper examines the arguments underpinning the smart specialisation concept, an idea which originally emerged from the sectoral growth literature, and one which has recently been applied with to the regional policy context. The shift from a sectoral to a regional context appears prima facie to be quite straightforward but this paper explains that translating the idea to a regional policy context is rather more complex that it at first appears and implies some changes in both interpretation and implications. The outcomes of this are that in a regional policy setting the smart specialisation logic is seen to be broadly consistent with the overall reforms of EU Cohesion Policy. However, in a regional policy setting there is no reason why ICTs should be prioritised over many forms of intangible capital, and the promotion of technological diversification via entrepreneurship may need to be related to specific sectors or activities.
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Bibliographic InfoPaper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2011/14.
Length: 32 pages
Date of creation: 2011
Date of revision:
Smart; specialisation; EU; cohesion policy; innovation; sector; place-based;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-02 (All new papers)
- NEP-ENT-2011-08-02 (Entrepreneurship)
- NEP-EUR-2011-08-02 (Microeconomic European Issues)
- NEP-GEO-2011-08-02 (Economic Geography)
- NEP-INO-2011-08-02 (Innovation)
- NEP-SBM-2011-08-02 (Small Business Management)
- NEP-URE-2011-08-02 (Urban & Real Estate Economics)
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- Benner, Maximilian, 2013. "From smart specialisation to smart experimentation: Towards a new theoretical framework for EU regional policy," MPRA Paper 51843, University Library of Munich, Germany.
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- Ron Boschma, 2013.
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1322, Utrecht University, Section of Economic Geography, revised Nov 2013.
- Ron Boschma, 2014. "Constructing Regional Advantage and Smart Specialisation: Comparison of Two European Policy Concepts," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 51-68.
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- John Goddard & Louise Kempton & Paul Vallance, 2013. "Universities and Smart Specialisation: challenges, tensions and opportunities for the innovation strategies of european regions," EKONOMIAZ, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 83-102.
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