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Smart Specialisation: insights from the North American periphery

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  • Andrew Crawley
  • Angela Hallowell

Abstract

Smart Specialisation (S3) has been the driving force behind the European Union's regional innovation strategy for the last seven years. However, criticism has been levelled at the policy as lacking an evidence base. This paper tackles this gap in the literature by providing an empirical assessment of a strategy remarkably similar to S3: the Maine Economic Improvement Fund (MEIF). The paper finds that the MEIF has succeeded in increasing employment, but is less successful in increasing productivity. Given the similarity between the MEIF and S3, the paper provides important lessons for European practitioners and policy-makers implementing the strategy.

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  • Andrew Crawley & Angela Hallowell, 2021. "Smart Specialisation: insights from the North American periphery," Regional Studies, Taylor & Francis Journals, vol. 55(3), pages 427-440, March.
    • Handle: RePEc:taf:regstd:v:55:y:2021:i:3:p:427-440
    DOI: 10.1080/00343404.2020.1711877
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    Cited by:

    1. Andrew Crawley & Todd M. Gabe & Mariya Pominova, 2021. "The Pitfalls of Using Location Quotients to Identify Clusters and Represent Industry Specialization in Small Regions," International Finance Discussion Papers 1329, Board of Governors of the Federal Reserve System (U.S.).

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