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Smart Specialization Concept with Some Evidence for the Regional Development in Romania

Author

Listed:
  • Radu Herman

    (Faculty of Business and Administration, University of Bucharest, Romania)

  • Cornelia Nistor

    (Faculty of Business and Administration, University of Bucharest, Romania)

Abstract

The aim of this article is to study the concept of Smart Specialization and to explore some evidences of how it is implemented in the regions from Romania. The concept refers to investments in knowledge activities and not in sectors. There are defined specific policy objectives that will have a specific impact in scientific and economic domains. The public resources that are invested in R&D have the purpose to stimulate the public-private partnerships, to foster innovations and to create a pool of knowledge and spill-overs to the targeted regions. The regions from the states from European Union need to apply RIS3 strategies for investments in R&D and innovation due to pre-existing conditions to access funds from European Regional Development Fund (ERDF). The European Commission launched an on-line Smart Specialization Platform (S3platform) to assist the members to develop, implement and compare smart specialization strategies and to offer data for national and regional authorities to identify the specific activities with high-added value to improve the regional competitiveness. Some indicators are presented to show the Romanian efforts for R&D and private innovation capabilities, the pre-identified potential for smart specialisation within the regions and some current evidence available on the S3platform.

Suggested Citation

  • Radu Herman & Cornelia Nistor, 2017. "Smart Specialization Concept with Some Evidence for the Regional Development in Romania," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 26(1), pages 135-145, December.
    • Handle: RePEc:but:manage:v:26:y:2017:i:1:p:135-145
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    Citations

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    Cited by:

    1. Valentin Mihai Leoveanu, 2019. "The Evolution of Bank Lending at Regional Level in Romania," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 30(1), pages 62-71, December.
    2. Claudiu Oancea, 2020. "Recycling Romania’s Communist Past as an Entrepreneurial Project. Two Case Studies," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 31(1), pages 46-60, December.

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