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Applying Regional VRIO Model to Island Regions: An Evaluation of RIS3

In: Regional Helix Ecosystems and Sustainable Growth

Author

Listed:
  • João Lopes

    (Research Unit of ISAG & NECE, Research Centre in Business Science)

  • José Oliveira

    (Research Unit of ISAG)

  • Paulo Silveira

    (Sport, Health & Exercise Research)

Abstract

This research aims to evaluate the stakeholders’ perception on the areas of smart specialization strategy (RIS3) defined for a given region. A quantitative methodology was followed through questionnaires applied to different stakeholders from two Portuguese island regions (Madeira and Azores); regional VRIO model was tested for these regions. The results of the research indicate that stakeholder perception is not the same as its policy makers in the areas of smart specialization defined in the RIS3 of the region where they belong. Our research provides support to policy makers in regional strategies modeling, assessing, and measuring island regional performance. Furthermore, this research suggests measures to conduit the gaps found in the island regions’ smart specialization strategies.

Suggested Citation

  • João Lopes & José Oliveira & Paulo Silveira, 2020. "Applying Regional VRIO Model to Island Regions: An Evaluation of RIS3," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: Luís Farinha & Domingos Santos & João J. Ferreira & Marina Ranga (ed.), Regional Helix Ecosystems and Sustainable Growth, pages 67-84, Springer.
    • Handle: RePEc:spr:seschp:978-3-030-47697-7_5
    DOI: 10.1007/978-3-030-47697-7_5
    as

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