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Smart Specialization Strategy and Directed Technological Change

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  • Christophe Feder

    (University of Aosta Valley)

Abstract

The smart specialization strategy (S3) is a key driver in the EU policy. We formalize the smart specialization policy and the entrepreneurial discovery process in order to generalize and implement the concept of S3. We find that the smartest specialization strategy increases the productivity of the largest input in the region. Finally, we describe the proprieties required for an efficient smart specialization process using the directed technological change approach.

Suggested Citation

  • Christophe Feder, 2018. "Smart Specialization Strategy and Directed Technological Change," Economics Bulletin, AccessEcon, vol. 38(3), pages 1428-1437.
    • Handle: RePEc:ebl:ecbull:eb-18-00520
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    File URL: http://www.accessecon.com/Pubs/EB/2018/Volume38/EB-18-V38-I3-P134.pdf
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    References listed on IDEAS

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    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.
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    More about this item

    Keywords

    S3; Technology Congruence; Innovation; EU; Entrepreneurial Discovery; Technological Relatedness.;
    All these keywords.

    JEL classification:

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

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