Smart Specialization and Sustainability in Central and Eastern Europe: An Inquiry Into The Logic of Intervention

Cristina Serbanica ()
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Cristina Serbanica: Constantin Brancoveanu University,Romania

Romanian Journal of Regional Science, 2018, vol. 12, issue 1, 43-58

Abstract: The purpose of this study is to offer an in-depth analysis of the selected priorities for smart specialization under the “sustainable innovation” priority area in Central and Eastern Europe (CEE). We apply text-mining techniques to classify the smart specialization priorities encoded by the CEE countries in the Smart Specialization Platform created by the European Commission. Our findings reveal the strong emphasis placed on “resource efficiency”, “sustainable energy and renewables” and “bio-economy and sustainable agriculture” at the CEE level. We conclude that the logic of intervention is backed by the need to increase the resource productivity at the CEE level, but also by the opportunity to exploit the strong comparative advantages in the bio-economy and sustainable manufacturing sectors and to capitalize on the large allocations for environmental investments from the European Structural and Investments Funds 2014 – 2020. Fostering the environmental industries and enhancing the regional innovation systems at the CEE level are some of the most important policy interventions at the CEE level, which can turn the proposed visions into sustainable growth.

Keywords: smart specialization; sustainability; logic of intervention; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: R5 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rrs:journl:v:11:y:2018:i:1:p:43-58

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