IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v1y2018i46p23-32.html
   My bibliography  Save this article

Is Smart Specialization Policy A Viable Solution For The Economic Development Of The European Union Regions?

Author

Listed:
  • Smarandache (Păsătoiu) Marijana Cristina

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Launched in 2008 by the K4G (Knowledge for Growth) Expert Group at the request of Janez Potočnik, the concept of smart specialization evolved extremely rapidly, from an academic discussion to an agreed, endorced and enforced regional development policy by the European Commission through the thematic ex-ante conditionality 1.1 Research and Innovation. The extremely short period associated with the process of developing, understanding, and implementing this concept has generated many challenges for both policy makers as well as the private sector. In an attempt to clarify the concept of smart specialization, the present article addresses in its first part a structured presentation of the concept, principles, objectives and stages of implementation. In the second part I critically analyze the main weaknesses, the dilemmas and deficiencies of the policy and the impact of these challenges in our country. A series of conclusions and recommendations are presented at the end.

Suggested Citation

  • Smarandache (Păsătoiu) Marijana Cristina, 2018. "Is Smart Specialization Policy A Viable Solution For The Economic Development Of The European Union Regions?," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(46), pages 23-32, November.
    • Handle: RePEc:aio:aucsse:v:1:y:2018:i:46:p:23-32
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/annals/v1_2018/003.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dominique Foray & Alessandro Rainoldi, 2013. "Smart specialisation programmes and implementation," JRC Research Reports JRC82224, Joint Research Centre.
    2. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    3. Philip McCann & Raquel Ortega-Argilés, 2016. "The early experience of smart specialization implementation in EU cohesion policy," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1407-1427, August.
    Full references (including those not matched with items on IDEAS)

    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. Diego Martínez-López & Manuel Palazuelos-Martínez, 2019. "Breaking with the Past in Smart Specialisation: A New Model of Selection of Business Stakeholders Within the Entrepreneurial Process of Discovery," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1643-1656, December.
    2. 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.
    3. Carlo Gianelle & Fabrizio Guzzo & Krzysztof Mieszkowski, 2018. "Smart Specialisation at work: Assessing investment priorities," JRC Research Reports JRC113433, Joint Research Centre.
    4. Miren Estensoro & Miren Larrea, 2023. "Facilitation of Entrepreneurial Discovery Processes by Policymakers: an Actionable Definition of Roles and Challenges," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1321-1342, June.
    5. Krammer, Sorin M.S., 2017. "Science, technology, and innovation for economic competitiveness: The role of smart specialization in less-developed countries," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 95-107.
    6. George Papamichail & Alessandro Rosiello & David Wield, 2023. "Addressing Public Policy Implementation Challenges in Lagging Regions Through the Analytical Lens of Smart Specialisation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 356-381, March.
    7. Mark Boden & Elisabetta Marinelli & Karel Haegeman & Patrice Dos Santos, 2015. "Bridging thinkers and doers: first policy lessons from the Entrepreneurial Discovery Process in Eastern Macedonia and Thrace," JRC Research Reports JRC96584, Joint Research Centre.
    8. Luciana Lazzeretti & Stefania Oliva & Niccolò Innocenti, 2019. "Exploring the role of industrial structure for regional economic resilience," Papers in Evolutionary Economic Geography (PEEG) 1917, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2019.
    9. Magdalena Kogut-Jaworska & Elżbieta Ociepa-Kicińska, 2020. "Smart Specialisation as a Strategy for Implementing the Regional Innovation Development Policy—Poland Case Study," Sustainability, MDPI, vol. 12(19), pages 1-21, September.
    10. 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.
    11. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2017. "Is Europe disintegrating? Macroeconomic divergence, structural polarization, trade and fragility," Economics working papers 2017-15, Department of Economics, Johannes Kepler University Linz, Austria.
    12. Mercedes Campi & Marco Due~nas & Le Li & Huabin Wu, 2018. "Diversification, economies of scope, and exports growth of Chinese firms," Papers 1801.02681, arXiv.org, revised Jan 2018.
    13. Eduardo Fernández-Arias & Charles Sabel & Ernesto H. Stein & Alberto Trejos, 2016. "Two to Tango: Public-Private Collaboration for Productive Development Policies," IDB Publications (Books), Inter-American Development Bank, number 94716, February.
    14. Márquez-Velázquez, Alejandro, 2016. "Growth impacts of the exchange rate and technology," Discussion Papers 2016/19, Free University Berlin, School of Business & Economics.
    15. Jeffrey Frankel, 2014. "Mauritius: African Success Story," NBER Chapters, in: African Successes, Volume IV: Sustainable Growth, pages 295-342, National Bureau of Economic Research, Inc.
    16. Yue Teng & Dic Lo, 2019. "Determinants of Developing Countries' Export Upgrading: The Role of China and Productive Investment," Working Papers 227, Department of Economics, SOAS University of London, UK.
    17. Keck, Alexander & Low, Patrick, 2004. "Special and differential treatment in the WTO: Why, when and how?," WTO Staff Working Papers ERSD-2004-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    18. Ulrich Schetter & Dario Diodato & Eric S. M. Protzer & Frank Neffke & Ricardo Hausmann, 2024. "From Products to Capabilities: Constructing A Genotypic Product Space," Growth Lab Working Papers 230, Harvard's Growth Lab.
    19. Mikhail Y. Afanasyev & Alexander V. Kudrov, 2021. "Economic Complexity, Embedding Degree and Adjacent Diversity of the Regional Economies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 17(2), pages 7-22.
    20. Odusola, Ayodele Festus, 2008. "The Nexus Between Global Competitiveness And Nigeria’S Vision 20:2020," UNDP Africa Research Discussion Papers 266960, United Nations Development Programme (UNDP).

    More about this item

    Keywords

    smart specialization; entrepreneurial discovery; research and innovation; areas of intelligent specialization; conditionalities;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

    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:aio:aucsse:v:1:y:2018:i:46:p:23-32. 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: Anca Bandoi The email address of this maintainer does not seem to be valid anymore. Please ask Anca Bandoi to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.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.