IDEAS home Printed from https://ideas.repec.org/p/ipt/termod/202001.html
   My bibliography  Save this paper

Economic modelling to evaluate Smart Specialisation: an analysis on research and innovation targets in Southern Europe

Author

Listed:

Abstract

We make the case for a technology-enabled approach to Smart Specialisation policy making in order to foster its effectiveness by proposing a novel type of economic impact assessment. We use the RHOMOLO model to gauge empirically the general equilibrium effects implied by the Smart Specialisation logic of intervention as foreseen by the policy makers designing and implementing the European Cohesion policy. More specifically, we simulate the macroeconomic effects of achieving the R&D personnel targets planned by a set of Southern European regions. We discuss the implications of the proposed methodology for future assessments of Smart Specialisation.

Suggested Citation

  • Javier Barbero & Olga Diukanova & Carlo Gianelle & Simone Salotti & Artur Santoalha, 2020. "Economic modelling to evaluate Smart Specialisation: an analysis on research and innovation targets in Southern Europe," JRC Working Papers on Territorial Modelling and Analysis 2020-01, Joint Research Centre.
  • Handle: RePEc:ipt:termod:202001
    as

    Download full text from publisher

    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC120397
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. d'Artis Kancs & Patrizio Lecca, 2018. "Long‐term social, economic and fiscal effects of immigration into the EU: The role of the integration policy," The World Economy, Wiley Blackwell, vol. 41(10), pages 2599-2630, October.
    2. Artur Santoalha, 2019. "New indicators of related diversification applied to smart specialization in European regions," Spatial Economic Analysis, Taylor & Francis Journals, vol. 14(4), pages 404-424, October.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. Patrizio Lecca & Javier Barbero Jimenez & Martin Aaroe Christensen & Andrea Conte & Francesco Di Comite & Jorge Diaz-Lanchas & Olga Diukanova & Giovanni Mandras & Damiaan Persyn & Stylianos Sakkas, 2018. "RHOMOLO V3:A Spatial Modelling Framework," JRC Research Reports JRC111861, Joint Research Centre.
    5. Hung-jen Wang & Peter Schmidt, 2002. "One-Step and Two-Step Estimation of the Effects of Exogenous Variables on Technical Efficiency Levels," Journal of Productivity Analysis, Springer, vol. 18(2), pages 129-144, September.
    6. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    7. Diego D’Adda & Enrico Guzzini & Donato Iacobucci & Roberto Palloni, 2019. "Is Smart Specialisation Strategy coherent with regional innovative capabilities?," Regional Studies, Taylor & Francis Journals, vol. 53(7), pages 1004-1016, July.
    8. Donato Iacobucci & Enrico Guzzini, 2016. "Relatedness and connectivity in technological domains: missing links in S3 design and implementation," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1511-1526, August.
    9. Francesco Di Comite & d'Artis Kancs & Patrizio Lecca, 2018. "Modeling agglomeration and dispersion in space: The role of labor migration, capital mobility and vertical linkages," Review of International Economics, Wiley Blackwell, vol. 26(3), pages 555-577, August.
    10. Mark Thissen & Olga Ivanova & Giovanni Mandras & Trond Husby, 2019. "European NUTS 2 regions: construction of interregional trade-linked Supply and Use tables with consistent transport flows," JRC Working Papers on Territorial Modelling and Analysis 2019-01, Joint Research Centre.
    11. Patrizio Lecca & Martin Christensen & Andrea Conte & Giovanni Mandras & Simone Salotti, 2020. "Upward pressure on wages and the interregional trade spillover effects under demand‐side shocks," Papers in Regional Science, Wiley Blackwell, vol. 99(1), pages 165-182, February.
    12. Carlo Gianelle & Fabrizio Guzzo & Krzysztof Mieszkowski, 2020. "Smart Specialisation: what gets lost in translation from concept to practice?," Regional Studies, Taylor & Francis Journals, vol. 54(10), pages 1377-1388, October.
    13. Dominique Foray, 2018. "Smart specialization strategies as a case of mission-oriented policy—a case study on the emergence of new policy practices," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 817-832.
    14. Bart van Ark & Mary O'Mahoney & Marcel P. Timmer, 2008. "The Productivity Gap between Europe and the United States: Trends and Causes," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 25-44, Winter.
    15. Damiaan Persyn & Jorge Diaz-Lanchas & Javier Barbero, 2019. "Estimating road transport costs between EU regions," JRC Working Papers on Territorial Modelling and Analysis 2019-04, Joint Research Centre.
    16. Pierre-Alexandre Balland & Ron Boschma & Joan Crespo & David L. Rigby, 2019. "Smart specialization policy in the European Union: relatedness, knowledge complexity and regional diversification," Regional Studies, Taylor & Francis Journals, vol. 53(9), pages 1252-1268, September.
    17. Attila Varga & Tamás Sebestyén & Norbert Szabó & László Szerb, 2020. "Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 48-59, January.
    18. Henning Kroll, 2015. "Efforts to Implement Smart Specialization in Practice--Leading Unlike Horses to the Water," European Planning Studies, Taylor & Francis Journals, vol. 23(10), pages 2079-2098, October.
    19. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-332.
    20. Christensen, Martin & Weiers, Georg & Wolski, Marcin, 2019. "The 2019 assessment of the macroeconomic effects of the European Fund for Strategic Investments with the RHOMOLO-EIB model," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 45, pages 5-15.
    21. Greene, William, 2005. "Reconsidering heterogeneity in panel data estimators of the stochastic frontier model," Journal of Econometrics, Elsevier, vol. 126(2), pages 269-303, June.
    22. David L. Rigby & Christoph Roesler & Dieter Kogler & Ron Boschma & Pierre-Alexandre Balland, 2019. "Do EU regions benefit from smart specialization?," Papers in Evolutionary Economic Geography (PEEG) 1931, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2019.
    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. Barbero, Javier & Diukanova, Olga & Gianelle, Carlo & Salotti, Simone & Santoalha, Artur, 2024. "Technologically related diversification: One size does not fit all European regions," Research Policy, Elsevier, vol. 53(3).
    2. Rita Lankauskienė & Vitalija Simonaitytė & Živilė Gedminaitė-Raudonė & Jerker Johnson, 2022. "Addressing the European Green Deal with Smart Specialization Strategies in the Baltic Sea Region," Sustainability, MDPI, vol. 14(19), pages 1-17, September.
    3. Brodny, Jarosław & Tutak, Magdalena, 2023. "Assessing regional implementation of Sustainable Development Goal 9 “Build resilient infrastructure, promote sustainable industrialization and foster innovation” in Poland," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    4. Francesca Crucitti & Nicholas-Joseph Lazarou & Philippe Monfort & Simone Salotti, 2021. "A scenario analysis of the 2021-2027 European Cohesion Policy in Bulgaria and its regions," JRC Working Papers on Territorial Modelling and Analysis 2021-06, Joint Research Centre.

    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. Javier Barberoa & Olga Diukanovaa & Carlo Gianellea & Simone Salottia & Artur Santoalha, 2020. "Economic modelling to evaluate Smart Specialisation: an analysis on research and innovation targets in Southern Europe," Working Papers on Innovation Studies 20200525, Centre for Technology, Innovation and Culture, University of Oslo.
    2. Barbero, Javier & Diukanova, Olga & Gianelle, Carlo & Salotti, Simone & Santoalha, Artur, 2024. "Technologically related diversification: One size does not fit all European regions," Research Policy, Elsevier, vol. 53(3).
    3. Filippo Di Pietro & Patrizio Lecca & Simone Salotti, 2021. "Regional economic resilience in the European Union: a numerical general equilibrium analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 16(3), pages 287-312, July.
    4. E. Marrocu & R. Paci & D. Rigby & S. Usai, 2020. "Smart Specialization Strategy: any relatedness between theory and practice?," Working Paper CRENoS 202004, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    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. Ethan Gifford & Maureen McKelvey, 2019. "Knowledge-Intensive Entrepreneurship and S3: Conceptualizing Strategies for Sustainability," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
    7. 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.
    8. Ricard Esparza-Masana, 2022. "Towards Smart Specialisation 2.0. Main Challenges When Updating Strategies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 635-655, March.
    9. Ron Boschma, 2022. "Evolutionary Economic Geography and Policy," Papers in Evolutionary Economic Geography (PEEG) 2220, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2022.
    10. Jason Deegan & Tom Broekel & Rune Dahl Fitjar, 2021. "Searching through the Haystack:The Relatedness and Complexity of Priorities in Smart Specialization Strategies," Economic Geography, Taylor & Francis Journals, vol. 97(5), pages 497-520, October.
    11. Giedrė Dzemydaitė, 2021. "The Impact of Economic Specialization on Regional Economic Development in the European Union: Insights for Formation of Smart Specialization Strategy," Economies, MDPI, vol. 9(2), pages 1-15, May.
    12. Barbero, Javier & Bengyuzov, Manol & Christensen, Martin & Conte, Andrea & Salotti, Simone & Trofimov, Aleksei, 2022. "A general equilibrium analysis of the economic impact of the post-2006 EU regulation in the services sector," Single Market Economics Papers WP2022/6, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team.
    13. Carlo Gianelle & Fabrizio Guzzo & Javier Barbero & Simone Salotti, 2022. "The economic implications of Smart Specialisation governance: a general equilibrium analysis for Italy 2014-2020," JRC Working Papers on Territorial Modelling and Analysis 2022-05, Joint Research Centre.
    14. Korneliusz Pylak & Tomasz Warowny, 2021. "Related Variety of Regional Smart Specialization Strategies," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 534-544.
    15. Barros, Carlos Pestana & Williams, Jonathan, 2013. "The random parameters stochastic frontier cost function and the effectiveness of public policy: Evidence from bank restructuring in Mexico," International Review of Financial Analysis, Elsevier, vol. 30(C), pages 98-108.
    16. Gangopadhyay, Partha & Jain, Siddharth & Bakry, Walid, 2022. "In search of a rational foundation for the massive IT boom in the Australian banking industry: Can the IT boom really drive relationship banking?," International Review of Financial Analysis, Elsevier, vol. 82(C).
    17. Raquel Ortega-Argilés, 2022. "The evolution of regional entrepreneurship policies: “no one size fits all”," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 585-610, December.
    18. Suarsana, Laura & Schneider, Tina & Warsewa, Günter, 2023. "Do regional innovation strategies meet societal challenges? A comparative analysis across regions in Belgium, Germany, Netherlands and Finland," Schriftenreihe Institut Arbeit und Wirtschaft 40/2023, Institut Arbeit und Wirtschaft (IAW), Universität Bremen und Arbeitnehmerkammer Bremen.
    19. Valeria Cosmo, 2013. "Ownership, Scale Economies and Efficiency in the Italian Water Sector," Journal of Industry, Competition and Trade, Springer, vol. 13(3), pages 399-415, September.
    20. Farsi, Mehdi & Filippini, Massimo, 2009. "An analysis of cost efficiency in Swiss multi-utilities," Energy Economics, Elsevier, vol. 31(2), pages 306-315, March.

    More about this item

    Keywords

    Rhomolo; Region; Growth; Smart Specialisation; ex-ante policy impact assessment; CGE models; Cohesion policy.;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • 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:ipt:termod:202001. 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: Publication Officer (email available below). General contact details of provider: https://edirc.repec.org/data/ipjrces.html .

    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.