IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v193y2023ics0040162523003219.html
   My bibliography  Save this article

Smart city as a hub for talent and innovative companies: Exploring the (dis) advantages of digital technology implementation in cities

Author

Listed:
  • Marchesani, Filippo
  • Masciarelli, Francesca
  • Bikfalvi, Andrea

Abstract

The number of smart city initiatives is growing worldwide at an incredible pace. Their ambition is to add to the competitiveness of local communities through innovation while increasing and attracting users, financial capital and talent by offering an environment suited to current needs. Digital implementation plays a key role in this evolution, facilitating cities' ability to offer and advanced urban environment tailored for its users and stakeholders. In this paper, we examine how digital technology implementation affects the attractiveness of cities in terms of intra- and international talent flows and the creation of innovative companies. Our analysis is based on a dataset of 20 Italian cities over an 11-year period. We use the GLS (Generalized Least Square) panel data estimation method, considering both direct and u-shaped effects to evidence the relationship between digital technology implementation and the attractiveness of cities for intra- and international talents, and to explore an advancing urban environment conducive to innovation and entrepreneurship. Based on empirical outcomes, this study offers valuable insights for both academics and policymakers in understanding and balancing the current interplay between digital implementation, innovative companies, and talents in contemporary cities.

Suggested Citation

  • Marchesani, Filippo & Masciarelli, Francesca & Bikfalvi, Andrea, 2023. "Smart city as a hub for talent and innovative companies: Exploring the (dis) advantages of digital technology implementation in cities," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    • Handle: RePEc:eee:tefoso:v:193:y:2023:i:c:s0040162523003219
    DOI: 10.1016/j.techfore.2023.122636
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162523003219
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2023.122636?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Amitrajeet A. Batabyal & Peter Nijkamp, 2019. "Creative capital, information and communication technologies, and economic growth in smart cities," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 28(2), pages 142-155, February.
    2. Dameri, Renata Paola & Benevolo, Clara & Veglianti, Eleonora & Li, Yaya, 2019. "Understanding smart cities as a glocal strategy: A comparison between Italy and China," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 26-41.
    3. Paskaleva, Krassimira & Cooper, Ian, 2018. "Open innovation and the evaluation of internet-enabled public services in smart cities," Technovation, Elsevier, vol. 78(C), pages 4-14.
    4. Carlo Capuano & Iacopo Grassi, 2019. "Spillovers, product innovation and R&D cooperation: a theoretical model," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 28(2), pages 197-216, February.
    5. Richard Freeman, 2010. "Globalization of scientific and engineering talent: international mobility of students, workers, and ideas and the world economy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(5), pages 393-406.
    6. Ward Ooms & Marjolein C. J. Caniëls & Nadine Roijakkers & Dieudonnee Cobben, 2020. "Ecosystems for smart cities: tracing the evolution of governance structures in a dutch smart city initiative," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1225-1258, December.
    7. Kummitha, Rama Krishna Reddy & Crutzen, Nathalie, 2019. "Smart cities and the citizen-driven internet of things: A qualitative inquiry into an emerging smart city," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 44-53.
    8. Marsal-Llacuna, Maria-Lluïsa & Colomer-Llinàs, Joan & Meléndez-Frigola, Joaquim, 2015. "Lessons in urban monitoring taken from sustainable and livable cities to better address the Smart Cities initiative," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 611-622.
    9. Sotiris Zygiaris, 2013. "Smart City Reference Model: Assisting Planners to Conceptualize the Building of Smart City Innovation Ecosystems," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(2), pages 217-231, June.
    10. Robert G. Hollands, 2008. "Will the real smart city please stand up?," City, Taylor & Francis Journals, vol. 12(3), pages 303-320, December.
    11. Morgan Mouton & Ryan Burns, 2021. "(Digital) neo-colonialism in the smart city," Regional Studies, Taylor & Francis Journals, vol. 55(12), pages 1890-1901, December.
    12. Robert Goodspeed, 2015. "Smart cities: moving beyond urban cybernetics to tackle wicked problems," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(1), pages 79-92.
    13. Tuba Bakıcı & Esteve Almirall & Jonathan Wareham, 2013. "A Smart City Initiative: the Case of Barcelona," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(2), pages 135-148, June.
    14. Keld Laursen & Francesca Masciarelli & Andrea Prencipe, 2012. "Trapped or spurred by the home region? The effects of potential social capital on involvement in foreign markets for goods and technology," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 43(9), pages 783-807, December.
    15. Michael R. Betz & Mark D. Partridge & Belal Fallah, 2016. "Smart cities and attracting knowledge workers: Which cities attract highly-educated workers in the 21st century?," Papers in Regional Science, Wiley Blackwell, vol. 95(4), pages 819-841, November.
    16. Arpan Kumar Kar & Vigneswara Ilavarasan & M. P. Gupta & Marijn Janssen & Ravi Kothari, 2019. "Moving beyond Smart Cities: Digital Nations for Social Innovation & Sustainability," Information Systems Frontiers, Springer, vol. 21(3), pages 495-501, June.
    17. Nicolas Debarsy, 2012. "The Mundlak Approach in the Spatial Durbin Panel Data Model," Spatial Economic Analysis, Taylor & Francis Journals, vol. 7(1), pages 109-131, March.
    18. Stephen Leitheiser & Alexander Follmann, 2020. "The social innovation–(re)politicisation nexus: Unlocking the political in actually existing smart city campaigns? The case of SmartCity Cologne, Germany," Urban Studies, Urban Studies Journal Limited, vol. 57(4), pages 894-915, March.
    19. Robert G. Hollands, 2015. "Critical interventions into the corporate smart city," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(1), pages 61-77.
    20. Engelbert, Jiska & van Zoonen, Liesbet & Hirzalla, Fadi, 2019. "Excluding citizens from the European smart city: The discourse practices of pursuing and granting smartness," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 347-353.
    21. Appio, Francesco Paolo & Lima, Marcos & Paroutis, Sotirios, 2019. "Understanding Smart Cities: Innovation ecosystems, technological advancements, and societal challenges," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 1-14.
    22. Appio, Francesco Paolo & Lima, Marcos & Paroutis, Sotirios, 2019. "Understanding Smart Cities: Innovation ecosystems, technological advancements, and societal challenges," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 1-14.
    23. Vito Albino & Umberto Berardi & Rosa Maria Dangelico, 2015. "Smart Cities: Definitions, Dimensions, Performance, and Initiatives," Journal of Urban Technology, Taylor & Francis Journals, vol. 22(1), pages 3-21, January.
    24. Sam Youl Lee & Richard Florida & Gary Gates, 2010. "Innovation, Human Capital, and Creativity," International Review of Public Administration, Taylor & Francis Journals, vol. 14(3), pages 13-24, January.
    25. J. Paul Elhorst, 2003. "Specification and Estimation of Spatial Panel Data Models," International Regional Science Review, , vol. 26(3), pages 244-268, July.
    26. Ardito, Lorenzo & Ferraris, Alberto & Messeni Petruzzelli, Antonio & Bresciani, Stefano & Del Giudice, Manlio, 2019. "The role of universities in the knowledge management of smart city projects," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 312-321.
    27. Richard Florida & Patrick Adler & Charlotta Mellander, 2017. "The city as innovation machine," Regional Studies, Taylor & Francis Journals, vol. 51(1), pages 86-96, January.
    28. Camboim, Guilherme Freitas & Zawislak, Paulo Antônio & Pufal, Nathália Amarante, 2019. "Driving elements to make cities smarter: Evidences from European projects," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 154-167.
    29. Mukesh Kumar & Gary Graham & Patrick Hennelly & Jagjit Srai, 2016. "How will smart city production systems transform supply chain design: a product-level investigation," International Journal of Production Research, Taylor & Francis Journals, vol. 54(23), pages 7181-7192, December.
    30. Ayyoob Sharifi & Amir Reza Khavarian-Garmsir & Rama Krishna Reddy Kummitha, 2021. "Contributions of Smart City Solutions and Technologies to Resilience against the COVID-19 Pandemic: A Literature Review," Sustainability, MDPI, vol. 13(14), pages 1-28, July.
    31. Ugo Fratesi & Marco Percoco, 2014. "Selective Migration, Regional Growth and Convergence: Evidence from Italy," Regional Studies, Taylor & Francis Journals, vol. 48(10), pages 1650-1668, October.
    32. Ullah, Fahim & Qayyum, Siddra & Thaheem, Muhammad Jamaluddin & Al-Turjman, Fadi & Sepasgozar, Samad M.E., 2021. "Risk management in sustainable smart cities governance: A TOE framework," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    33. Zachary Spicer & Nicole Goodman & Nathan Olmstead, 2021. "The frontier of digital opportunity: Smart city implementation in small, rural and remote communities in Canada," Urban Studies, Urban Studies Journal Limited, vol. 58(3), pages 535-558, February.
    34. Caragliu, Andrea & Del Bo, Chiara F., 2019. "Smart innovative cities: The impact of Smart City policies on urban innovation," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 373-383.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel G. Costa & João Carlos N. Bittencourt & Franklin Oliveira & João Paulo Just Peixoto & Thiago C. Jesus, 2024. "Achieving Sustainable Smart Cities through Geospatial Data-Driven Approaches," Sustainability, MDPI, vol. 16(2), pages 1-30, January.

    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. Mora, Luca & Gerli, Paolo & Ardito, Lorenzo & Messeni Petruzzelli, Antonio, 2023. "Smart city governance from an innovation management perspective: Theoretical framing, review of current practices, and future research agenda," Technovation, Elsevier, vol. 123(C).
    2. Johannes Stübinger & Lucas Schneider, 2020. "Understanding Smart City—A Data-Driven Literature Review," Sustainability, MDPI, vol. 12(20), pages 1-23, October.
    3. Renata Biadacz & Marek Biadacz, 2021. "Implementation of “Smart” Solutions and An Attempt to Measure Them: A Case Study of Czestochowa, Poland," Energies, MDPI, vol. 14(18), pages 1-28, September.
    4. Barrutia, Jose M. & Echebarria, Carmen & Aguado-Moralejo, Itziar & Apaolaza-Ibáñez, Vanessa & Hartmann, Patrick, 2022. "Leading smart city projects: Government dynamic capabilities and public value creation," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    5. Kummitha, Rama Krishna Reddy, 2019. "Smart cities and entrepreneurship: An agenda for future research," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
    6. Schiavone, Francesco & Paolone, Francesco & Mancini, Daniela, 2019. "Business model innovation for urban smartization," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 210-219.
    7. Secinaro, Silvana & Brescia, Valerio & Lanzalonga, Federico & Santoro, Gabriele, 2022. "Smart city reporting: A bibliometric and structured literature review analysis to identify technological opportunities and challenges for sustainable development," Journal of Business Research, Elsevier, vol. 149(C), pages 296-313.
    8. Munan Li, 2019. "Visualizing the studies on smart cities in the past two decades: a two-dimensional perspective," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(2), pages 683-705, August.
    9. Gabrielli do Livramento Gonçalves & Walter Leal Filho & Samara da Silva Neiva & André Borchardt Deggau & Manoela de Oliveira Veras & Flávio Ceci & Maurício Andrade de Lima & José Baltazar Salgueirinho, 2021. "The Impacts of the Fourth Industrial Revolution on Smart and Sustainable Cities," Sustainability, MDPI, vol. 13(13), pages 1-21, June.
    10. Maria Vincenza Ciasullo & Orlando Troisi & Mara Grimaldi & Daniele Leone, 2020. "Multi-level governance for sustainable innovation in smart communities: an ecosystems approach," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1167-1195, December.
    11. Kummitha, Rama Krishna Reddy, 2020. "Why distance matters: The relatedness between technology development and its appropriation in smart cities," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    12. Nicos Komninos & Christina Kakderi & Luca Mora & Anastasia Panori & Elena Sefertzi, 2022. "Towards High Impact Smart Cities: a Universal Architecture Based on Connected Intelligence Spaces," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1169-1197, June.
    13. Parul Gupta & Sumedha Chauhan & M. P. Jaiswal, 2019. "Classification of Smart City Research - a Descriptive Literature Review and Future Research Agenda," Information Systems Frontiers, Springer, vol. 21(3), pages 661-685, June.
    14. Eusebio Scornavacca & Francesco Paolone & Stefano Za & Laura Martiniello, 2020. "Investigating the entrepreneurial perspective in smart city studies," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1197-1223, December.
    15. Camboim, Guilherme Freitas & Zawislak, Paulo Antônio & Pufal, Nathália Amarante, 2019. "Driving elements to make cities smarter: Evidences from European projects," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 154-167.
    16. Mora, Luca & Deakin, Mark & Reid, Alasdair, 2019. "Strategic principles for smart city development: A multiple case study analysis of European best practices," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 70-97.
    17. Li Zhao & Zhi-ying Tang & Xin Zou, 2019. "Mapping the Knowledge Domain of Smart-City Research: A Bibliometric and Scientometric Analysis," Sustainability, MDPI, vol. 11(23), pages 1-28, November.
    18. Wang, Mengmeng & Zhou, Tao & Wang, Di, 2020. "Tracking the evolution processes of smart cities in China by assessing performance and efficiency," Technology in Society, Elsevier, vol. 63(C).
    19. Bundgaard, Lasse & Borrás, Susana, 2021. "City-wide scale-up of smart city pilot projects: Governance conditions," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    20. Oleg Golubchikov & Mary J. Thornbush, 2022. "Smart Cities as Hybrid Spaces of Governance: Beyond the Hard/Soft Dichotomy in Cyber-Urbanization," Sustainability, MDPI, vol. 14(16), pages 1-12, August.

    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:eee:tefoso:v:193:y:2023:i:c:s0040162523003219. 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: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    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.