Governance Of Smart Specialisation: Experiences Of Four European Regions

In the present article we compare four European regional development models in order to conclude on good practices on smart specialisation. The concept of smart specialisation (European Commission, 2008, Foray et al., 2009, S3 Platform, 2016) has been placed at the core of the European regional development strategies and it brought the focus on local endowments, international network orientation of the regions and their potential for excellence globally. That encouraged the regions’ governments to align their actions to the general consent and to adopt place-based policies which foster innovation. The analysis draws from four European regions, each with a different innovation performance, according to the Regional Innovation Scoreboard: South-East Ireland is an Innovation Follower, Castilla de la Mancha, Spain and Central Hungary, are moderate innovators, while Bucharest-Ilfov in Romania is a modest innovator. Their different level of development gives a broader perspective on the regional development policies and, therefore, it allows us to identify good practices of smart specialisation approach and their current position in the global value chain. The present article is not limited to the description of various models for smart specialisation governance, but it also proposes a series of recommendations to better capitalise regional strengths and to create regional governance environments that generates smarter public services supportive for entrepreneurship, wealth creation and growth.