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The Challenges Of Smart Specialisation In The Less Developed Regions

Author

Listed:
  • Sebastian Ene

    (Associate Professor PH.D. Constantin Brancoveanu University)

  • Cristina Serbanica

    (Associate Professor PH.D. Constantin Brancoveanu University)

Abstract

Smart specialisation is an industrial and innovation framework for regional economies that aims to illustrate how public policies, framework conditions, but especially R&D and innovation policies can influence economic, scientific and technological specialisation of a region and consequently its productivity, competitiveness and economic growth paths. At the European Union level, smart specialisation has become a flagship policy and the EU has translated the principles of smart specialisation into operational elements of regional innovation strategies (RIS3) and has claimed for differentiated approaches for the less developed territories that are far from the technology frontier and lack the critical mass for R&D. Within this context, the purpose of our study is to explore the challenges related to smart specialization in the less developed regions and to shed light on the most recurrent policy recommendations that are responsive to their specific needs.

Suggested Citation

  • Sebastian Ene & Cristina Serbanica, 2019. "The Challenges Of Smart Specialisation In The Less Developed Regions," Management Strategies Journal, Constantin Brancoveanu University, vol. 44(2), pages 79-93.
    • Handle: RePEc:brc:journl:v:44:y:2019:i:2:p:79-93
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    More about this item

    Keywords

    smart specialisation; R&D; innovation; less developed regions;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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