IDEAS home Printed from https://ideas.repec.org/a/fan/scresc/vhtml10.3280-scre2014-001003.html
   My bibliography  Save this article

The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy

Author

Listed:
  • Monica Coffano
  • Dominique Foray

Abstract

This paper is an attempt to clarify the essence of a smart specialisation strategy as a policy process. It aims in particular to explain why entrepreneurial discovery is an important design principle in this policy process. Finally, it presents the policy framework in which various tools and instruments need to be mobilized to maximize the likelihood of entrepreneurial discovery and facilitate the local concentration of resources in, and the early growth of the new activities generated by these discoveries.

Suggested Citation

  • Monica Coffano & Dominique Foray, 2014. "The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 33-50.
    • Handle: RePEc:fan:scresc:v:html10.3280/scre2014-001003
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=50377&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    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. Rebecca Henderson & Iain Cockburn, 1996. "Scale, Scope, and Spillovers: The Determinants of Research Productivity in Drug Discovery," RAND Journal of Economics, The RAND Corporation, vol. 27(1), pages 32-59, Spring.
    2. Aghion, Philippe & David, Paul A. & Foray, Dominique, 2009. "Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems'," Research Policy, Elsevier, vol. 38(4), pages 681-693, May.
    3. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
    4. Edurne Magro Montero & Mari Jose Aranguren & Mikel Navarro, 2011. "Smart Specialisation Strategies: The Case of the Basque Country," Working Papers 2011R07, Orkestra - Basque Institute of Competitiveness.
    5. Bronwyn H. Hall & Nathan Rosenberg (ed.), 2010. "Handbook of the Economics of Innovation," Handbook of the Economics of Innovation, Elsevier, edition 1, volume 1, number 1.
    6. Ajay Agrawal & Iain M. Cockburn, 2002. "University Research, Industrial R&D, and the Anchor Tenant Hypothesis," NBER Working Papers 9212, National Bureau of Economic Research, Inc.
    7. Manuel Trajtenberg, 2002. "Government Support for Commercial R&D: Lessons from the Israeli Experience," NBER Chapters, in: Innovation Policy and the Economy, Volume 2, pages 79-134, National Bureau of Economic Research, Inc.
    8. Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-574, September.
    9. Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639, Elsevier.
    10. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    11. Roberto Camagni & Roberta Capello & Camilla Lenzi, 2014. "A Territorial Taxonomy of Innovative Regions and the European Regional Policy Reform: Smart Innovation Policies," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 69-105.
    12. Koen Frenken & Frank Van Oort & Thijs Verburg, 2007. "Related Variety, Unrelated Variety and Regional Economic Growth," Regional Studies, Taylor & Francis Journals, vol. 41(5), pages 685-697.
    13. David Bailey & Stewart MacNeill, 2008. "The Rover Task Force: A case study in proactive and reactive policy intervention?," Regional Science Policy & Practice, Wiley Blackwell, vol. 1(1), pages 109-124, November.
    14. Ajay K. Agrawal & Iain M. Cockburn & Alberto Galasso & Alexander Oettl, 2012. "Why are Some Regions More Innovative than Others? The Role of Firm Size Diversity," NBER Working Papers 17793, National Bureau of Economic Research, Inc.
    15. Donato Iacobucci, 2014. "Designing and Implementing a Smart Specialisation Strategy at Regional Level: Some Open Questions," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 107-126.
    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. Andrés Rodríguez-Pose & Callum Wilkie, 2015. "Institutions and the Entrepreneurial Discovery Process for Smart Specialization," Papers in Evolutionary Economic Geography (PEEG) 1523, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2015.
    2. Roberto Camagni & Roberta Capello, 2015. "Rationale and design of EU cohesion policies in a period of crisis," Regional Science Policy & Practice, Wiley Blackwell, vol. 7(1), pages 25-47, March.
    3. Roberta Capello & Camilla Lenzi, 2016. "Innovation modes and entrepreneurial behavioral characteristics in regional growth," Small Business Economics, Springer, vol. 47(4), pages 875-893, December.
    4. Pierre-Alexandre Balland & Ron Boschma & Joan Crespo & David L. Rigby, 2017. "Smart Specialization policy in the EU: Relatedness, Knowledge Complexity and Regional Diversification," Papers in Evolutionary Economic Geography (PEEG) 1717, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2017.
    5. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    6. László Szerb & Raquel Ortega‐Argilés & Zoltan J. Acs & Éva Komlósi, 2020. "Optimizing entrepreneurial development processes for smart specialization in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1413-1457, October.
    7. Roberta Capello & Camilla Lenzi, 2016. "Relevance and utility of European Union research, technological development and innovation policies for a smart growth," Environment and Planning C, , vol. 34(1), pages 52-72, February.
    8. Roberta Capello & Camilla Lenzi, 2015. "Una valutazione della rilevanza e utilit? delle politiche di Ricerca e sviluppo tecnologico dell?Unione Europea," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2015(3 Suppl.), pages 13-36.
    9. Roberto Capello, 2014. "Smart Specialisation Strategy and the New EU Cohesion Policy Reform: Introductory Remarks," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 5-13.
    10. Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2016. "The costs of the economic crisis: which scenario for the European regions?," Environment and Planning C, , vol. 34(1), pages 113-130, February.
    11. Ethan Gifford & Maureen McKelvey, 2019. "Knowledge-Intensive Entrepreneurship and S3: Conceptualizing Strategies for Sustainability," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
    12. Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2017. "Advances in Regional Growth Forecasting Models," International Regional Science Review, , vol. 40(1), pages 3-11, January.
    13. Li, Yang & Neffke, Frank M.H., 2024. "Evaluating the principle of relatedness: Estimation, drivers and implications for policy," Research Policy, Elsevier, vol. 53(3).
    14. Evgeniy Kutsenko & Ekaterina Islankina & Alexey Kindras, 2018. "Smart by Oneself? An Analysis of Russian Regional Innovation Strategies within the RIS3 Framework," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(1), pages 25-45.
    15. Mona ROMAN & Timo NYBERG, 2017. "Openness and Continuous Collaboration as the Foundation for Entrepreneurial Discovery Process in Finnish Regions," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 517-531, December.
    16. Esparza Masana, Ricard & Fernández, Tatiana, 2019. "Monitoring S3: Key dimensions and implications," Evaluation and Program Planning, Elsevier, vol. 77(C).
    17. Yang Li & Frank Neffke, 2022. "Relatedness in regional development: in search of the right specification," Papers in Evolutionary Economic Geography (PEEG) 2208, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2022.
    18. Argentino Pessoa, 2016. "Rectracted: Smart specialization in the EU: RIS3 conditionality, innovation and cohesion," Papers in Regional Science, Wiley Blackwell, vol. 95(2), pages 439-439, June.
    19. Jermina Stanojev & Christer Gustafsson, 2021. "Smart Specialisation Strategies for Elevating Integration of Cultural Heritage into Circular Economy," Sustainability, MDPI, vol. 13(7), pages 1-22, March.

    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. Dominique Foray & Xabier Goenaga, 2013. "The goals of Smart Specialisation," JRC Research Reports JRC82213, Joint Research Centre.
    2. Diego Martínez-López & Manuel Palazuelos-Martínez, 2019. "Breaking with the Past in Smart Specialisation: A New Model of Selection of Business Stakeholders Within the Entrepreneurial Process of Discovery," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1643-1656, December.
    3. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    4. Dominique Foray, 2019. "On sector-non-neutral innovation policy: towards new design principles," Journal of Evolutionary Economics, Springer, vol. 29(5), pages 1379-1397, November.
    5. Ron Boschma, 2021. "Designing Smart Specialization Policy: relatedness, unrelatedness, or what?," Papers in Evolutionary Economic Geography (PEEG) 2128, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2021.
    6. Anders Gustafsson & Andreas Stephan & Alice Hallman & Nils Karlsson, 2016. "The “sugar rush” from innovation subsidies: a robust political economy perspective," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(4), pages 729-756, November.
    7. Matthias Firgo & Peter Mayerhofer, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 1: Wissens-Spillovers und regionale Entwicklung – Welche strukturpolitische Ausrichtung optimiert das Wach," WIFO Studies, WIFO, number 58342, April.
    8. Rodríguez-Pose, Andrés & Di Cataldo, Marco & Monastiriotis, Vassilis, 2020. "How ‘smart’ are Smart Specialisation strategies?," CEPR Discussion Papers 15442, C.E.P.R. Discussion Papers.
    9. Marco Di Cotaldo & Vassilis Monastiriotis & Andres Rodriguez-Pose, 2020. "Populism Amidst Prosperity: How ‘smart’ are Smart Specialisation strategies?," LEQS – LSE 'Europe in Question' Discussion Paper Series 162, European Institute, LSE.
    10. repec:ehl:lserod:107085 is not listed on IDEAS
    11. Marco Di Cataldo & Vassilis Monastiriotis & Andrés Rodríguez‐Pose, 2022. "How ‘Smart’ Are Smart Specialization Strategies?," Journal of Common Market Studies, Wiley Blackwell, vol. 60(5), pages 1272-1298, September.
    12. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920.
    13. Dominique Foray & Alessandro Rainoldi, 2013. "Smart specialisation programmes and implementation," JRC Research Reports JRC82224, Joint Research Centre.
    14. Tom Broekel & Lars Mewes, 2017. "Analyzing the impact of R&D policy on regional diversification," Papers in Evolutionary Economic Geography (PEEG) 1726, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2017.
    15. repec:idb:brikps:460 is not listed on IDEAS
    16. Roberto Capello, 2014. "Smart Specialisation Strategy and the New EU Cohesion Policy Reform: Introductory Remarks," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 5-13.
    17. Delgado, Mercedes & Porter, Michael E. & Stern, Scott, 2014. "Clusters, convergence, and economic performance," Research Policy, Elsevier, vol. 43(10), pages 1785-1799.
    18. Ron Boschma & Carlo Gianelle, 2014. "Regional Branching and Smart Specialisation Policy," JRC Research Reports JRC88242, Joint Research Centre.
    19. Mariana Mazzucato & Caetano C.R. Penna, 2016. "Beyond market failures: the market creating and shaping roles of state investment banks," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 19(4), pages 305-326, October.
    20. Argentino Pessoa, 2016. "Rectracted: Smart specialization in the EU: RIS3 conditionality, innovation and cohesion," Papers in Regional Science, Wiley Blackwell, vol. 95(2), pages 439-439, June.
    21. 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.
    22. Mariana Mazzucato, 2018. "Mission-oriented innovation policies: challenges and opportunities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 803-815.

    More about this item

    Keywords

    Specializzazione intelligente; scoperta imprenditoriale; nuova politica industriale.;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    Statistics

    Access and download statistics

    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:fan:scresc:v:html10.3280/scre2014-001003. 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: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=103 .

    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.