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Operationalizing Smart Specialization in a Portuguese Follower Region

Author

Listed:
  • Alexandre Almeida
  • Oscar Afonso
  • Mário Rui Silva

Abstract

The inability of the European Union (EU) to grow has raised questions regarding the effectiveness of competitiveness and growth policies. To increase efficacy, the EU has determined that regions must undergo an exercise in smart specialization and devise a strategy for the same. However, particularly in follower regions facing severe locked-in problems and structural bottlenecks, the application of smart specialization may require adjustments and a more dynamic vision, especially with regard to the follower regions. Furthermore, many operational issues arise in the programming and policy-devising stages. This article aims to contribute to this debate by proposing a framework to guide the selection of priorities and by applying the proposed framework to the Portuguese North region.Keywords: Smart specialization, Innovation policy, Regional innovation systems, Follower regions. JEL: O25, O30, R12, R58.

Suggested Citation

  • Alexandre Almeida & Oscar Afonso & Mário Rui Silva, 2022. "Operationalizing Smart Specialization in a Portuguese Follower Region," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 69(1), pages 99-119.
    • Handle: RePEc:voj:journl:v:69:y:2022:i:1:p:99-119:id:683
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    File URL: https://panoeconomicus.org/index.php/jorunal/article/view/683/697
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    More about this item

    Keywords

    Smart specialization; Innovation policy; Regional innovation systems; Follower regions;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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