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Transforming European regional policy: a results-driven agenda and smart specialization

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  • Philip McCann
  • Raquel Ortega-Argilés

Abstract

The paper examines the nature, rationale, and logic of the reforms to EU Cohesion Policy. A particular focus of the paper is on the concept of smart specialization and the use of this concept to help facilitate a results-oriented policy agenda. On the one hand, the arguments underpinning the reforms in part relate to modern thinking regarding the role of industrial policy. On the other hand, they also partly relate to advances in our understanding of the relationships between economic geography, technology, and institutions. At the same time, the specific features of the EU context also heavily influence the nature and logic of the changes, whereby legal and institutional matters linking Cohesion Policy to other EU policies all play an important role. Copyright 2013, Oxford University Press.

Suggested Citation

  • Philip McCann & Raquel Ortega-Argilés, 2013. "Transforming European regional policy: a results-driven agenda and smart specialization," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 405-431, SUMMER.
    • Handle: RePEc:oup:oxford:v:29:y:2013:i:2:p:405-431
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    File URL: http://hdl.handle.net/10.1093/oxrep/grt021
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