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Smart specialisation, regional growth and applications to EU cohesion policy

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Author Info

  • Philip McCann

    ()
    (University of Groningen)

  • Raquel Ortega-Argilés

    ()
    (Instituto Superior Técnico)

Abstract

This 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 Info

Paper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2011/14.

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Length: 32 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:ieb:wpaper:2011/7/doc2011-14

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Related research

Keywords: Smart; specialisation; EU; cohesion policy; innovation; sector; place-based;

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Cited by:
  1. 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.
  2. Kevin Morgan, 2013. "The regional state in the era of Smart Specialisation," EKONOMIAZ, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 103-126.
  3. Tamás Sebestyén & Attila Varga, 2013. "Research productivity and the quality of interregional knowledge networks," The Annals of Regional Science, Springer, vol. 51(1), pages 155-189, August.
  4. LSE Enterprise, 2011. "Study on the impact of the single market on cohesion: implications for cohesion policy, growth and competitiveness," LSE Research Online Documents on Economics 42840, London School of Economics and Political Science, LSE Library.
  5. Ron Boschma, 2013. "Constructing Regional Advantage and Smart Specialization: Comparison of Two European Policy Concepts," Papers in Evolutionary Economic Geography (PEEG) 1322, Utrecht University, Section of Economic Geography, revised Nov 2013.
  6. María José Aranguren Querejeta & James R. Wilson, 2013. "What can experience with clusters teach us about fostering regional smart specialisation?," EKONOMIAZ, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 127-174.
  7. 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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