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Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy

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  • Attila Varga
  • Tamás Sebestyén
  • Norbert Szabó
  • László Szerb

Abstract

An undesirable result of the rapid implementation of smart specialization into the framework of European Union Cohesion Policy was that it left several practical issues unanswered. An important unanswered issue is the implementation of economic impact assessment in a smart specialization policy context. Integrating entrepreneurship and interregional network policies into an economic modelling framework is considered among the most prominent challenges. This paper introduces how these two policies are implemented in the GMR-Europe (geographic, macro and regional) model. The simulations highlight that smart specialization policy targeting the development of entrepreneurship and knowledge networks is not equally successful in all regions.

Suggested Citation

  • Attila Varga & Tamás Sebestyén & Norbert Szabó & László Szerb, 2020. "Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 48-59, January.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:1:p:48-59
    DOI: 10.1080/00343404.2018.1527026
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    Cited by:

    1. Komlósi, Éva & Madár, Miklós, 2024. "Digitális vállalkozási ökoszisztémák a Kárpát-Balkán térségben [Digital entrepreneurship ecosystems in the Carpathian-Balkan region]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1254-1279.
    2. Ana Rita Canelas Luz & Paulo Bento & Marco Antonio Catussi Paschoalotto & Renato Pereira, 2024. "Entrepreneurship performance in the EU: To what extent do economic, social, and government conditions matter?," Journal of International Entrepreneurship, Springer, vol. 22(1), pages 94-116, March.
    3. E. Marrocu & R. Paci & D. Rigby & S. Usai, 2020. "Smart Specialization Strategy: any relatedness between theory and practice?," Working Paper CRENoS 202004, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    4. Pierre-Alexandre Balland & Ron Boschma, 2021. "Complementary interregional linkages and Smart Specialisation: an empirical study on European regions," Regional Studies, Taylor & Francis Journals, vol. 55(6), pages 1059-1070, June.
    5. Liu, Xielin & Ji, Xiaohui & Ge, Shuang, 2024. "Does the complexity and embeddedness of knowledge recombination contribute to economic development? —— Observations from prefecture cities in China," Research Policy, Elsevier, vol. 53(2).
    6. Javier Barberoa & Olga Diukanovaa & Carlo Gianellea & Simone Salottia & Artur Santoalha, 2020. "Economic modelling to evaluate Smart Specialisation: an analysis on research and innovation targets in Southern Europe," Working Papers on Innovation Studies 20200525, Centre for Technology, Innovation and Culture, University of Oslo.
    7. Varga, Attila, 2020. "A tudástermelési függvénytől a fejlesztéspolitikai hatáselemzésig [From the knowledge production function to development policy-impact modelling]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 537-556.
    8. Ina Mogildea & Ludmila Mogildea & Maria Magdalena Turek Rahoveanu, 2024. "Entrepreneurship Development Perspectives in the Republic of Moldova. Case Study – Central Region," Journal of Agriculture and Rural Development Studies, "Dunarea de Jos" University of Galati, Doctoral Field Engineering and Management in Agriculture and Rural Development, issue 1, pages 95-103.
    9. Attila Varga & Norbert Szabó & Tamás Sebestyén, 2020. "Economic impact modelling of smart specialization policy: Which industries should prioritization target?," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1367-1388, October.
    10. Javier Barbero & Olga Diukanova & Carlo Gianelle & Simone Salotti & Artur Santoalha, 2022. "Economic modelling to evaluate Smart Specialisation: an analysis of research and innovation targets in Southern Europe," Regional Studies, Taylor & Francis Journals, vol. 56(9), pages 1496-1509, September.
    11. Ricard Esparza-Masana, 2022. "Towards Smart Specialisation 2.0. Main Challenges When Updating Strategies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 635-655, March.
    12. Sebestyén, Tamás & Szabó, Norbert & Braun, Emese & Bedő, Zsolt, 2024. "Lokális reziliencia számítása térbeli általános egyensúlyi modell felhasználásával [Measuring local resilience with a spatial computable general equilibrium model]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1222-1253.
    13. Roberta Capello & Andrea Caragliu, 2021. "Merging macroeconomic and territorial determinants of regional growth: the MASST4 model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 66(1), pages 19-56, February.
    14. 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.
    15. Eduardo Hernandez-Rodriguez & Ron Boschma & Andrea Morrison & Xianjia Ye, 2024. "Functional upgrading and downgrading in global value chains: The role of complementary interregional value chain linkages in EU regions," Papers in Evolutionary Economic Geography (PEEG) 2432, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2024.
    16. László Szerb & Raquel Ortega‐Argilés & Zoltan J. Acs & Éva Komlósi, 2020. "Optimizing entrepreneurial development processes for smart specialization in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1413-1457, October.
    17. Lengyel, Balázs & Elekes, Zoltán, 2020. "A külföldi tulajdonú vállalatok és az import szerepe a hazai térségek exportjának diverzifikációjában [Foreign-owned firms and the role of their imports in diversifying Hungarys exports]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 352-378.

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