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Institutions, Smart Specialisation Dynamics and Policy

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  • Grillitsch , Markus

    () (CIRCLE, Lund University)

Abstract

Smart specialisation features prominently in the European regional policy context. This paper discusses how the configuration of the regional institutional framework affects smart specialisation dynamics and policy. It elaborates why and how institutional diversity and integration promote entrepreneurial discovery processes, spillovers and agglomeration effects, and thereby structural change in regions. Policy challenges arising from the regional institutional framework are identified, discussed and related to well-research system failures of regional innovation systems.

Suggested Citation

  • Grillitsch , Markus, 2015. "Institutions, Smart Specialisation Dynamics and Policy," Papers in Innovation Studies 2015/12, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  • Handle: RePEc:hhs:lucirc:2015_012
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    File URL: http://wp.circle.lu.se/upload/CIRCLE/workingpapers/201512_Grillitsch.pdf
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    Cited by:

    1. 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.
    2. Robert Hassink, Huiwen Gong, Fabian Faller & Huiwen Gong, & Fabian Faller, 2016. "Can we learn anything from economic geography proper? Yes, we can!," Papers in Evolutionary Economic Geography (PEEG) 1622, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2016.
    3. Grillitsch, Markus, 2017. "Transformation Capacity of the Innovative Entrepreneur: On the interplay between social structure and agency," Papers in Innovation Studies 2017/2, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    4. repec:eee:rensus:v:81:y:2018:i:p2:p:2672-2683 is not listed on IDEAS
    5. Piirainen, Kalle A. & Tanner, Anne Nygaard & Alkærsig, Lars, 2017. "Regional foresight and dynamics of smart specialization: A typology of regional diversification patterns," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 289-300.

    More about this item

    Keywords

    regional policy; smart specialisation; institutions; regional innovation systems; system failures;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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