IDEAS home Printed from https://ideas.repec.org/p/ipt/iptwpa/jrc108247.html
   My bibliography  Save this paper

Smart Specialisation, seizing new industrial opportunities

Author

Listed:

Abstract

This study offers a novel analytical approach to inform the regional search for new industrial opportunities, as promoted by smart specialisation in the EU Cohesion policy context. The analysis departs from the challenges of practicing smart specialisation and its entrepreneurial discovery process in a dynamic perspective. It argues that the adoption of a dynamic approach to identify new opportunities implies mapping regional business and innovation assets as well as, assessing their position within the global technological and industrial landscape. The study brings a case study of Lombardy region, spurring the S3 Lab initiative (in collaboration with Baden-Württemberg, Catalonia and Lapland), together with a comparative analysis of its technological profile. The empirical study combines patent data from OECD REGPAT and territorial proprietary micro-data from Lombardy region on firm creation in emerging industries (EI) – new industrial sectors or existing sectors evolving into new industries (European Cluster Observatory). These industries represent a priority area for Lombardy's innovation-led development strategy. The initial observations confirm the importance of such industries in the region; they represent more than one-third of employment, almost a half of the regional value-added and feature together the majority of start-ups, suggesting the relevance of the regional strategic development choices. Also, in terms of productive advantages, Lombardy ranks high in some key EI. The mapping of technological competences through patent indicators, e.g. specialisation, diversification and ability to specialise in fast-growing and niche fields gives relevant insights on the technological potential of the region, providing further guidance for better targeted interventions.

Suggested Citation

  • Antonio VEZZANI & Marco BACCAN & Alina CANDU & CASTELLI & Mafini DOSSO & Petros GKOTSIS, 2017. "Smart Specialisation, seizing new industrial opportunities," JRC Research Reports JRC108247, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc108247
    as

    Download full text from publisher

    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC108247
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Roberta Capello & Henning Kroll, 2016. "From theory to practice in smart specialization strategy: emerging limits and possible future trajectories," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1393-1406, August.
    2. Philip McCann & Raquel Ortega-Argil�s, 2015. "Smart Specialization, Regional Growth and Applications to European Union Cohesion Policy," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1291-1302, August.
    3. Alexander Kleibrink & Carlo Gianelle & Mathieu Doussineau, 2016. "Monitoring innovation and territorial development in Europe: emergent strategic management," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1438-1458, August.
    4. Mercedes Delgado & Michael E. Porter & Scott Stern, 2016. "Defining clusters of related industries," Journal of Economic Geography, Oxford University Press, vol. 16(1), pages 1-38.
    5. Zoltan J. Acs & David B. Audretsch, 1989. "Patents' Innovative Activity," Eastern Economic Journal, Eastern Economic Association, vol. 15(4), pages 373-376, Oct-Dec.
    6. Koen Frenken & Frank Van Oort & Thijs Verburg, 2007. "Related Variety, Unrelated Variety and Regional Economic Growth," Regional Studies, Taylor & Francis Journals, vol. 41(5), pages 685-697.
    7. Dominique Foray & Xabier Goenaga, 2013. "The goals of Smart Specialisation," JRC Research Reports JRC82213, Joint Research Centre.
    8. Piirainen, Kalle A. & Tanner, Anne Nygaard & Alkærsig, Lars, 2017. "Regional foresight and dynamics of smart specialization: A typology of regional diversification patterns," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 289-300.
    9. Zoltan J. Acs & David B. Audretsch, 1989. "Patents as a Measure of Innovative Activity," Kyklos, Wiley Blackwell, vol. 42(2), pages 171-180, August.
    10. repec:bla:kyklos:v:42:y:1989:i:2:p:171-80 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eskarne Arregui-Pabollet & John Huw Edwards & Jean-Marie Rousseau, 2018. "Higher Education for Smart Specialisation: The case of Centre-Val de Loire, France," JRC Research Reports JRC113844, Joint Research Centre.
    2. Hausmann, Ricardo & Pietrobelli, Carlo & Santos, Miguel Angel, 2021. "Place-specific determinants of income gaps: New sub-national evidence from Mexico," Journal of Business Research, Elsevier, vol. 131(C), pages 782-792.
    3. Andrea Filippetti & Petros Gkotsis & Antonio Vezzani & Antonio Zinilli, 2020. "Are innovative regions more resilient? Evidence from Europe in 2008–2016," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 807-832, October.
    4. Mafini Dosso & Lesley Potters & Alexander Tübke, 2019. "Distribution of Industrial Research & Innovation Activities: An Application of Technology Readiness Levels," JRC Research Reports JRC115449, Joint Research Centre.
    5. Laima Gerlitz & Christopher Meyer & Christopher Meyer & Gunnar Prause & Gunnar Prause, 2020. "Methodology approach on benchmarking Regional Innovation on Smart Specialisation (RIS3): a joint macro-regional tool to regional performance evaluation and monitoring in Central Europe," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1359-1385, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruno Brandão Fischer & Maxim Kotsemir & Dirk Meissner & Ekaterina Streltsova, 2020. "Patents for evidence-based decision-making and smart specialisation," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1748-1774, December.
    2. Diego D'Adda & Donato Iacobucci & Roberto Palloni, 2020. "Relatedness in the implementation of Smart Specialisation Strategy: a first empirical assessment," Papers in Regional Science, Wiley Blackwell, vol. 99(3), pages 405-425, June.
    3. Laima Gerlitz & Christopher Meyer & Christopher Meyer & Gunnar Prause & Gunnar Prause, 2020. "Methodology approach on benchmarking Regional Innovation on Smart Specialisation (RIS3): a joint macro-regional tool to regional performance evaluation and monitoring in Central Europe," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1359-1385, December.
    4. Quatraro, Francesco & Scandura, Alessandra, 2020. "Regional patterns of unrelated technological diversification: the role of academic inventors," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 202001, University of Turin.
    5. 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.
    6. Yuri Jo & Chang-Yang Lee, 2014. "Technological Capability, Agglomeration Economies and Firm Location Choice," Regional Studies, Taylor & Francis Journals, vol. 48(8), pages 1337-1352, August.
    7. Rinaldo Evangelista & Valentina Meliciani & Antonio Vezzani, 2015. "The Specialisation of EU Regions in Fast Growing and Key Enabling Technologies," JRC Research Reports JRC98111, Joint Research Centre.
    8. Rodríguez-Pose, Andrés & Di Cataldo, Marco & Monastiriotis, Vassilis, 2020. "How ‘smart’ are Smart Specialisation strategies?," CEPR Discussion Papers 15442, C.E.P.R. Discussion Papers.
    9. Magdalena Kogut-Jaworska & Elżbieta Ociepa-Kicińska, 2020. "Smart Specialisation as a Strategy for Implementing the Regional Innovation Development Policy—Poland Case Study," Sustainability, MDPI, vol. 12(19), pages 1-21, September.
    10. Evgeniy Kutsenko & Ekaterina Islankina & Alexey Kindras, 2018. "Smart by Oneself? An Analysis of Russian Regional Innovation Strategies within the RIS3 Framework," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(1), pages 25-45.
    11. Andrea Filippetti & Petros Gkotsis & Antonio Vezzani & Antonio Zinilli, 2020. "Are innovative regions more resilient? Evidence from Europe in 2008–2016," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 807-832, October.
    12. Marco Di Cataldo & Vassilis Monastiriotis & Andrés Rodríguez‐Pose, 2022. "How ‘Smart’ Are Smart Specialization Strategies?," Journal of Common Market Studies, Wiley Blackwell, vol. 60(5), pages 1272-1298, September.
    13. Rosalia Castellano & Gaetano Musella & Gennaro Punzo, 2023. "Does context matter? Exploring the effects of productive structures on the relationship between innovation and workforce skills’ complementarity," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 1991-2011, June.
    14. Jan Ženka & Marcela Chreneková & Lucie Kokešová & Veronika Svetlíková, 2021. "Industrial Structure and Economic Resilience of Non-Metropolitan Regions: An Empirical Base for the Smart Specialization Policies," Land, MDPI, vol. 10(12), pages 1-21, December.
    15. Mewes Lars & Broekel Tom, 2017. "Unrelated und Related Variety im Kontext öffentlicher F&E: empirische Evidenz aus deutschen Arbeitsmarktregionen," ZFW – Advances in Economic Geography, De Gruyter, vol. 61(1), pages 23-37, May.
    16. Ron Boschma, 2021. "Designing Smart Specialization Policy: relatedness, unrelatedness, or what?," Papers in Evolutionary Economic Geography (PEEG) 2128, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2021.
    17. 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.
    18. Carmelina Bevilacqua & Ilaria Giada Anversa & Gianmarco Cantafio & Pasquale Pizzimenti, 2019. "Local Clusters as “Building Blocks” for Smart Specialization Strategies: A Dynamic SWOT Analysis Application in the Case of San Diego (US)," Sustainability, MDPI, vol. 11(19), pages 1-25, October.
    19. Jason Deegan & Tom Broekel & Rune Dahl Fitjar, 2021. "Searching through the Haystack:The Relatedness and Complexity of Priorities in Smart Specialization Strategies," Economic Geography, Taylor & Francis Journals, vol. 97(5), pages 497-520, October.
    20. Rinaldo Evangelista & Valentina Meliciani & Antonio Vezzani, 2016. "The Distribution of Technological Activities in Europe: A Regional Perspective," JRC Research Reports JRC102435, Joint Research Centre.

    More about this item

    Keywords

    smart specialisation; emerging industries; regional search; technological specialisation;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ipt:iptwpa:jrc108247. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publication Officer (email available below). General contact details of provider: https://edirc.repec.org/data/ipjrces.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.