IDEAS home Printed from https://ideas.repec.org/a/spr/revepe/v2y2021i1d10.1007_s43253-020-00026-z.html
   My bibliography  Save this article

Smart specialization strategies—insights gained from a unique European policy experiment on innovation and industrial policy design

Author

Listed:
  • Dominique Foray

    (Ecole Polytechnique Fédérale de Lausanne)

  • Martin Eichler

    (BAK-Economics)

  • Michael Keller

    (University of Applied Sciences and Arts Western Switzerland)

Abstract

This paper aims to develop a coherent vision and detailed methodology of the policy approach that is evoked by the term “smart specialisation strategy” (S3), and to explore and elaborate the requirements and implications in terms of design and implementation that are consistent with that policy concept. As such, the paper addresses the issue of designing an innovation policy whose goal is the creation and development of networks of innovators in order to generate some desired structural changes within the framework of a regional economy.

Suggested Citation

  • Dominique Foray & Martin Eichler & Michael Keller, 2021. "Smart specialization strategies—insights gained from a unique European policy experiment on innovation and industrial policy design," Review of Evolutionary Political Economy, Springer, vol. 2(1), pages 83-103, April.
    • Handle: RePEc:spr:revepe:v:2:y:2021:i:1:d:10.1007_s43253-020-00026-z
    DOI: 10.1007/s43253-020-00026-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43253-020-00026-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43253-020-00026-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pierre Azoulay & Erica Fuchs & Anna P. Goldstein & Michael Kearney, 2018. "Funding Breakthrough Research: Promises and Challenges of the "ARPA Model"," NBER Chapters, in: Innovation Policy and the Economy, Volume 19, pages 69-96, National Bureau of Economic Research, Inc.
    2. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," Working Paper Series rwp04-047, Harvard University, John F. Kennedy School of Government.
    3. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    4. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    5. Milgrom, Paul & Roberts, John, 1990. "The Economics of Modern Manufacturing: Technology, Strategy, and Organization," American Economic Review, American Economic Association, vol. 80(3), pages 511-528, June.
    6. Pierre Azoulay & Erica Fuchs & Anna Goldstein & Michael Kearney, 2018. "Funding Breakthrough Research: Promises and Challenges of the “ARPA Model”," NBER Working Papers 24674, National Bureau of Economic Research, Inc.
    7. Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-574, September.
    8. Rammer, Christian & Klingebiel, Ronald, 2012. "Public funding of innovation projects: Is it zime for a more flexible approach?," ZEW policy briefs 2/2012, ZEW - Leibniz Centre for European Economic Research.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Björn Sautter, 2021. "Shaping Digital Ecosystems for Sustainable Production: Assessing the Policy Impact of the 2030 Vision for Industrie 4.0," Sustainability, MDPI, vol. 13(22), pages 1-16, November.
    2. OGREAN Claudia & HERCIU Mihaela, 2022. "Fostering Innovation In Romania. Insights From The Smart Specialization Strategies," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(2), pages 319-337, August.
    3. You, Zhuoying & Teirlinck, Peter, 2024. "Specialization in climate technologies at the regional level in Europe: relatedness and the moderating role of policy direction," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    4. Dominique Foray, 2022. "The Economics of Incomplete Plan -on Conditions, Procedures and Design of Future Mission- Oriented Innovation Policies," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 123-146, December.
    5. Varga, Attila & Sebestyén, Tamás & Szabó, Norbert, 2021. "Az intelligens szakosodási politika gazdasági hatásainak modellezése [Economic impact assessment of smart specialization policy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 901-929.
    6. Peter Sunley & Jack L Harris & Andy Pike & Richard Harris & Ron Martin & Emil Evenhuis, 2022. "Industrial policies, strategy and the UK’s Levelling Up agenda," Local Economy, London South Bank University, vol. 37(5), pages 403-418, August.
    7. Aleksandra Kuzior & Iryna Pidorycheva & Viacheslav Liashenko & Hanna Shevtsova & Nataliia Shvets, 2022. "Assessment of National Innovation Ecosystems of the EU Countries and Ukraine in the Interests of Their Sustainable Development," Sustainability, MDPI, vol. 14(14), pages 1-22, July.

    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. Dominique Foray, 2019. "On sector-non-neutral innovation policy: towards new design principles," Journal of Evolutionary Economics, Springer, vol. 29(5), pages 1379-1397, November.
    2. Dominique Foray, 2022. "The Economics of Incomplete Plan -on Conditions, Procedures and Design of Future Mission- Oriented Innovation Policies," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 123-146, December.
    3. Mona ROMAN & Timo NYBERG, 2017. "Openness and Continuous Collaboration as the Foundation for Entrepreneurial Discovery Process in Finnish Regions," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 517-531, December.
    4. Monica Coffano & Dominique Foray, 2014. "The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 33-50.
    5. Dominique Foray & Xabier Goenaga, 2013. "The goals of Smart Specialisation," JRC Research Reports JRC82213, Joint Research Centre.
    6. Frederick van der Ploeg & Steven Poelhekke, 2008. "Globalization and the rise of mega-cities in the developing world," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 1(3), pages 477-501.
    7. 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.
    8. Elvira Uyarra & Jens Sörvik & Inger Midtkandal, 2014. "Inter-regional Collaboration in Research and Innovation Strategies for Smart Specialisation (RIS3). S3 Working Paper Series no 6/2014," JRC Research Reports JRC91963, Joint Research Centre.
    9. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    10. Tom Broekel & Lars Mewes, 2017. "Analyzing the impact of R&D policy on regional diversification," Papers in Evolutionary Economic Geography (PEEG) 1726, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2017.
    11. Dani Rodrik, 2006. "What's So Special about China's Exports?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(5), pages 1-19, September.
    12. Figueiredo, Paulo N., 2016. "Evolution of the short-fiber technological trajectory in Brazil's pulp and paper industry: The role of firm-level innovative capability-building and indigenous institutions," Forest Policy and Economics, Elsevier, vol. 64(C), pages 1-14.
    13. Shastitko, A., 2014. "Industrial and Competition Policy: from Theory to Practice of Interaction," Journal of the New Economic Association, New Economic Association, vol. 22(2), pages 205-209.
    14. Pietrobelli, Carlo, 2019. "Modern industrial policy in Latin America: Lessons from cluster development policies," MERIT Working Papers 2019-031, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    15. Juan Obach & Miguel Angel Santos & Ricardo Hausmann, 2017. "Appraising the Economic Potential of Panama Policy Recommendations for Sustainable and Inclusive Growth," Growth Lab Working Papers 97, Harvard's Growth Lab.
    16. Anders Gustafsson & Andreas Stephan & Alice Hallman & Nils Karlsson, 2016. "The “sugar rush” from innovation subsidies: a robust political economy perspective," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(4), pages 729-756, November.
    17. Gianluca Capone & Franco Malerba & Richard R. Nelson & Luigi Orsenigo & Sidney G. Winter, 2019. "History friendly models: retrospective and future perspectives," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 9(1), pages 1-23, March.
    18. 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.
    19. Rumen Dobrinsky, 2009. "The Paradigm of Knowledge-Oriented Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 9(4), pages 273-305, December.
    20. Martin Beraja & David Y Yang & Noam Yuchtman, 2023. "Data-intensive Innovation and the State: Evidence from AI Firms in China," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(4), pages 1701-1723.

    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:spr:revepe:v:2:y:2021:i:1:d:10.1007_s43253-020-00026-z. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.