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Do international standards influence the development of smart regions and cities?

Author

Listed:
  • Jelena Ruso

    (University of Belgrade, Faculty of Organizational Sciences, Jove Ilica 154, 11000 Belgrade, Serbia)

  • Ana Horvat

    (University of Belgrade, Faculty of Organizational Sciences, Jove Ilica 154, 11000 Belgrade, Serbia)

  • Milica Marièiæ

    (University of Belgrade, Faculty of Organizational Sciences, Jove Ilica 154, 11000 Belgrade, Serbia)

Abstract

The growth of city population has consequences on the sustainability and development of smart regions. International standards can provide good practices in wide areas related to environmental, security and social aspects that contribute to the achievement of economic and sustainable growth, well-being, and safe environment. The aim of this study is to explore if there is an association between the level of smart cities in different regions and the number of certificates that could initiate further development of smart and sustainable cities. We analysed standards that support the development of sustainable and smart cities from different countries and explored their influence on the level of smart and sustainable cities. To measure the performance of cities we used the UN-habitat City Prosperity Initiative (CPI) and its six dimensions: Productivity, Infrastructure Development, Quality of Life, Equity and Social Inclusion, Environmental Sustainability, and Urban Governance and Legislation. To analyse the influence of international standards on smart regions and cities initiative we conducted SEM analysis. The results of the research have proved that there is a significant difference between the level of smart cities in different regions and the number of certificates that could initiate further development of smart and sustainable cities. Additionally, a positive impact of international standards on the development of smart regions and cities is confirmed. We believe that the presented approach might provide additional insights into the factors which impact the development of smart regions and cities and initiate further studies on the topic.

Suggested Citation

  • Jelena Ruso & Ana Horvat & Milica Marièiæ, 2019. "Do international standards influence the development of smart regions and cities?," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 629-652.
    • Handle: RePEc:rfe:zbefri:v:37:y:2019:i:2:p:629-652
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    References listed on IDEAS

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    More about this item

    Keywords

    international standards; smart cities; City Prosperity Initiative (CPI); SEM analysis;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General

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