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A RHOMOLO analysis of the RIS3 innovation targets in Southern Europe

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Abstract

EU regions must formally adopt a Research and Innovation Strategy for Smart Specialisation (RIS3) to access the Cohesion policy funding for research and innovation investments. Smart Specialisation helps regions to identify opportunities for competitive advantages in high value added activities through selectivity and the entrepreneurial discovery process. A recent modelling exercise suggests achieving the R&I numerical targets set by the regional authorities managing the Smart Specialisation funding could lead to substantial GDP gains in the short run and over a longer time horizon. This type of analysis helps quantifying the potential scope of the Smart Specialisation policy based on the objectives set by the RIS3 managing authorities.

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  • Javier Barbero & Olga Diukanova & Carlo Gianelle & Simone Salotti & Artur Santoalha, 2021. "A RHOMOLO analysis of the RIS3 innovation targets in Southern Europe," JRC Research Reports JRC125800, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc125800
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC125800
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    Keywords

    Rhomolo; Region; Growth; Smart Specialisation; ex-ante policy impact assessment; CGE models; Cohesion policy.;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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