Smart Specialization Strategy and Directed Technological Change

Christophe Feder

Economics Bulletin, 2018, vol. 38, issue 3, 1428-1437

Abstract: The smart specialization strategy (S3) is a key driver in the EU policy. We formalize the smart specialization policy and the entrepreneurial discovery process in order to generalize and implement the concept of S3. We find that the smartest specialization strategy increases the productivity of the largest input in the region. Finally, we describe the proprieties required for an efficient smart specialization process using the directed technological change approach.

Keywords: S3, Technology Congruence; Innovation; EU, Entrepreneurial Discovery, Technological Relatedness. (search for similar items in EconPapers)
JEL-codes: O3 R1 (search for similar items in EconPapers)
Date: 2018-08-05
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