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Conceptual Model of Differentiated Social and Economic Policy of Smart Specialization of Regions

Author

Listed:
  • Daria Serogina

    (Department of Economics of Municipal Enterprises, O.M. Beketov National University of Urban Economy in Kharkiv, Ukraine,)

  • Hanna Bazetska

    (Department of Economics of Municipal Enterprises, O.M. Beketov National University of Urban Economy in Kharkiv, Ukraine,)

Abstract

In this article the methodical foundations for the construction of a regional innovation strategy and the vectors for the formation of a new policy are presented. The necessity of conducting a regionally differentiated innovation policy based on the principles of Smart Specialization is substantiated; the assessment of Ukraine's preparedness for the practical implementation of the Smart Specialization concept is given. The authors consider the prerequisites for the application of the Smart Specialization concept in the EU and Ukraine; they also evaluate and formulate the advantages of applying the Smart Specialization strategy. When using the concept of Smart Specialization, the strategic directions are: creation and development of creative regions; development of a network of technologically advanced public services; assistance in the development of the infrastructure of the innovation ecosystem; encouraging small and medium-sized enterprises to participate in the global structure of value creation. We think that the application of the policy of the Smart Specialization of the regions will allow us to launch the process of improvement and transformation of national and regional innovative strategies that provide a strategic framework for innovative transformation of the regional economy and determine the main investment priorities.

Suggested Citation

  • Daria Serogina & Hanna Bazetska, 2018. "Conceptual Model of Differentiated Social and Economic Policy of Smart Specialization of Regions," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 185-198.
    • Handle: RePEc:eco:journ1:2018-04-24
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    References listed on IDEAS

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    More about this item

    Keywords

    Smart Specialization; regional development; innovation policy; economic growth; cluster policy.;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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