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From smart specialisation to smart experimentation: Towards a new theoretical framework for EU regional policy

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  • Benner, Maximilian

Abstract

The idea of smart specialisation has gained high prominence in the discourse about EU regional policy. In the coming program period from 2014 to 2020 it is expected to be a major pillar of EU structural funds. The notion of smart specialisation incorporates some basic principles of evolutionary economics and centers on the idea of an entrepreneurial discovery process of new trajectories on the regional level. It does not, however, sufficiently take into account the relevance of individual agents, their actions, and their relations with each other in the identification, creation, development, and destruction of technological and economic trajectories. For this, a focus on micro-level dynamics that provide the base for experimentation is needed. This paper suggests developing smart specialisation into smart experimentation, a concept that is anchored not only in evolutionary economics, but also in relational economic geography.

Suggested Citation

  • Benner, Maximilian, 2013. "From smart specialisation to smart experimentation: Towards a new theoretical framework for EU regional policy," MPRA Paper 51843, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:51843
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    File URL: https://mpra.ub.uni-muenchen.de/54822/1/MPRA_paper_51843.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    regional policy; structural policy; smart specialisation; clusters; EU structural funds;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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