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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
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    References listed on IDEAS

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    2. 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.
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    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.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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).
    7. 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.

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