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Reinforcing comparative monitoring of Smart Specialisation performance across European regions: transnational RIS3 observatory model as a tool for Smart Specialisation governance

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  • Christopher Meyer

    (Hochschule Wismar, University of Applied Sciences, Technology, Business and Design, Germany)

  • Christopher Meyer

    (Tallinn University of Technology, Estonia)

Abstract

Smart Specialisation is dedicated to be a key driving force for entrepreneurial discovery and innovation in the European innovation policy paradigm in line with the European Strategy 2020 and the funding period 2014-2020. At the current stage, all EU NUTS-2 regions are monitoring their individually developed Regional Innovation Strategies on Smart Specialisation (RIS3) including monitoring systems that are needed to adjust upcoming future RIS3 strategies in the new funding periods. Despite the thematic topicality, the procedure of RIS3 evaluation and monitoring lacks a sound supra-regional approach when it comes to RIS3 implementation performance governance and institutional arrangements across all European regions. In fact, the blurring of RIS3 monitoring can be traced back to the policy nature that monitoring systems are set up, implemented and evaluated on individual regional and or national basis including a set of regionally tailored regional and national indicators. With regard to the policy challenges and research gaps of developing, and, later, using a joint macro-regional systemic institutional approach towards RIS3 implementation and monitoring, this paper provides a conceptual model for RIS3 performance, evaluation and monitoring governance based on case study analysis, best practices from RIS3 research and policy stakeholders’ interviews. It is intended to serve as a comprehensive and comparative governance model on regional, national and European level, which fosters the institutional thickness and institutional multi-level horizontal cooperation among institutions involved in RIS3 performance and monitoring implementation. Within the empirical narrative, 10 NUTS-2 regions within the INTERREG Central Europe Programme area and in the frame of the “SMART_watch” project were subject to the analysis pertaining to their strategy design, priority axes and monitoring indicators. As a result, the so-called Transnational RIS3 Observatory Model was designed, which yields conceptual linkages to theoretical concepts using cluster theories as well as builds upon practical policy-driven approaches mushrooming in the innovation policy paradigm of the European Union. Furthermore, recommendations to foster the RIS3 policy implementation in the upcoming funding period are introduced in line with the setup of the observatory structure and its institutional embeddedness.

Suggested Citation

  • Christopher Meyer & Christopher Meyer, 2020. "Reinforcing comparative monitoring of Smart Specialisation performance across European regions: transnational RIS3 observatory model as a tool for Smart Specialisation governance," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1386-1400, December.
  • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1386-1400
    DOI: 10.9770/jesi.2020.8.2(81)
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    References listed on IDEAS

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    3. Philip McCann & Raquel Ortega-Argilés, 2011. "Smart specialisation, regional growth and applications to EU cohesion policy," Working Papers 2011/14, Institut d'Economia de Barcelona (IEB).
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    More about this item

    Keywords

    smart specialisation; RIS3 evaluation and monitoring; RIS3 observatory; transnational model; regional development; RIS3 governance;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance

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