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A three dimensional approach to regional Smart Specialization Strategy; An application to Puglia Region

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  • Fiore, Annamaria

Abstract

The aim of this paper is to describe an analytical tool able to support policy makers in defining regional policy for entrepreneurship. Given the growing interest about the themes of smart specialization assigned as policy objectives to the Regions, focus of the paper is at the regional level. The three-dimensional strategic analysis considers simultaneously three kinds of data for each industrial sector: spatial concentration, cost competitiveness and export weight. Each of the three dimensions considered can be seen in turn as a specialization index since the data are related to the performance recorded at national level (benchmark). Depending on position (quarter) occupied by a specific sector in a graph, policy makers can have at one sight the relative weight of that sector in the regional economy and could have support in defining policies accordingly. As an application, the paper presents last official available data for Puglia manufacturing sectors (2013). Moreover, the analysis could be also simply utilised to realize temporal comparisons. As an example, comparison between data for 2008 and 2013 have highlighted how Puglia has lost competitive advantages over time due to the economic crisis. However, analysis also shows how, in the same years, careful sectorial policies implemented (aerospace) has enabled the Region to emerge in this medium-high technology market also at an international level. Once reached the full availability of homogeneous and internationally comparable data, the same analytical framework could be easily extended to assess the status of different national economies for drawing policy recommendations also at higher territorial levels.

Suggested Citation

  • Fiore, Annamaria, 2016. "A three dimensional approach to regional Smart Specialization Strategy; An application to Puglia Region," MPRA Paper 83905, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:83905
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    File URL: https://mpra.ub.uni-muenchen.de/83905/1/MPRA_paper_83905.pdf
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    References listed on IDEAS

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    1. Roberto Camagni & Roberta Capello, 2013. "Regional Innovation Patterns and the EU Regional Policy Reform: Toward Smart Innovation Policies," Growth and Change, Wiley Blackwell, vol. 44(2), pages 355-389, June.
    2. Andrea Bonaccorsi & Antanas Cenys & George Chorafakis & Phil Cooke & Dominique Foray & Anastasios Giannitsis & Mark Harrison & Dimitrios Kyriakou & Keith Smith, 2009. "The Question of R&D Specialisation: Perspectives and Policy Implications," JRC Research Reports JRC51665, Joint Research Centre.
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    6. 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.
    7. 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.
    8. Elias Carayannis & Ruslan Rakhmatullin, 2014. "The Quadruple/Quintuple Innovation Helixes and Smart Specialisation Strategies for Sustainable and Inclusive Growth in Europe and Beyond," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(2), pages 212-239, June.
    9. Jaakko Simonen & Rauli Svento & Artti Juutinen, 2015. "Specialization and diversity as drivers of economic growth: Evidence from High-Tech industries," Papers in Regional Science, Wiley Blackwell, vol. 94(2), pages 229-247, June.
    10. Roberta Capello, 2013. "Knowledge, Innovation, and Regional Performance: Toward Smart Innovation Policies," Growth and Change, Wiley Blackwell, vol. 44(2), pages 185-194, June.
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    Cited by:

    1. 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.
    2. 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.

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    More about this item

    Keywords

    Regional policy; Smart Specialization Strategy; Industrial specialization; Policy tool; Three-dimensional strategic analysis.;
    All these keywords.

    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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