Economic modelling to evaluate Smart Specialisation: an analysis on research and innovation targets in Southern Europe

Javier Barberoa, Olga Diukanovaa, Carlo Gianellea, Simone Salottia and Artur Santoalha
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Javier Barberoa: European Commission, Joint Research Centre (JRC), Seville, Spain
Olga Diukanovaa: European Commission, Joint Research Centre (JRC), Seville, Spain
Carlo Gianellea: European Commission, Joint Research Centre (JRC), Seville, Spain
Simone Salottia: European Commission, Joint Research Centre (JRC), Seville, Spain
Artur Santoalha: TIK Centre, University of Oslo, Norway

No 20200525, Working Papers on Innovation Studies from Centre for Technology, Innovation and Culture, University of Oslo

Abstract: We make the case for a technology-enabled approach to Smart Specialisation policy making in order to foster its effectiveness by proposing a novel type of economic impact assessment. We use the RHOMOLO model to gauge empirically the general equilibrium effects implied by the Smart Specialisation logic of intervention as foreseen by the policy makers designing and implementing the European Cohesion policy. More specifically, we simulate the macroeconomic effects of achieving the R&D personnel targets planned by a set of Southern European regions. We discuss the implications of the proposed methodology for future assessments of Smart Specialisation.

Pages: 31 pages
Date: 2020-05
New Economics Papers: this item is included in nep-ino and nep-sbm
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