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Relevance and utility of European Union research, technological development and innovation policies for a smart growth

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  • Roberta Capello
  • Camilla Lenzi

Abstract

Assessment exercises of research, technological development and innovation measures within the cohesion policy framework do not provide up to now consistent results. Our impression is that the lack of consistency depends on the fact that assessment exercises are developed with no reference to the regional context in which research, technological development and innovation funds are spent. The present paper tries to overcome this gap by providing an assessment of the relevance and utility of research, technological development and innovation which takes into consideration alternative regional innovation contexts. Results indicate that research, technological development and innovation funds are in general relevant to increase innovation. However, our findings warn on the utility of research, technological development and innovation initiatives for socio-economic growth in regions lacking internal scientific research and technological activities. Interesting policy suggestions emerge which go in line with what has been conceptualized in the debate about the regional innovation smart specialization strategy.

Suggested Citation

  • 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.
    • Handle: RePEc:sae:envirc:v:34:y:2016:i:1:p:52-72
    DOI: 10.1177/0263774X15614655
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    References listed on IDEAS

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    2. Hasan Dinçer & Serhat Yüksel & Fatih Pınarbaşı & Mehmet Ali Alhan, 2020. "Risky Financial Assets in Financial Integration and the Impacts of Derivatives on Banking Returns," World Scientific Book Chapters, in: Stéphane Goutte & Khaled Guesmi (ed.), Risk Factors and Contagion in Commodity Markets and Stocks Markets, chapter 6, pages 133-159, World Scientific Publishing Co. Pte. Ltd..
    3. Diana Valentina Dumitrescu & Daniel Ioan Dumitrescu, 2017. "Economic Potential of Investments in Research – Development – Innovation in the European Union," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 96-103, May.
    4. Fabrizio Fusillo & Davide Consoli & Francesco Quatraro, 2022. "Resilience, Skill Endowment, and Diversity: Evidence from US Metropolitan Areas," Economic Geography, Taylor & Francis Journals, vol. 98(2), pages 170-196, March.
    5. Destefanis, Sergio & Rehman, Naqeeb Ur, 2023. "Investment, innovation activities and employment across European regions," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 474-490.
    6. Bruno Brandão Fischer & Maxim Kotsemir & Dirk Meissner & Ekaterina Streltsova, 2020. "Patents for evidence-based decision-making and smart specialisation," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1748-1774, December.
    7. Murzyn Dorota, 2018. "Financing of Smart Growth in Less Developed Regions on the Example of Poland," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(3), pages 8-20, September.
    8. Paul Vallance & Jiří Blažek & John Edwards & Viktor Květoň, 2018. "Smart specialisation in regions with less-developed research and innovation systems: A changing role for universities?," Environment and Planning C, , vol. 36(2), pages 219-238, March.
    9. Annalisa Caloffi & Marco Mariani, 2018. "Regional policy mixes for enterprise and innovation: A fuzzy-set clustering approach," Environment and Planning C, , vol. 36(1), pages 28-46, February.

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