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INNOVATION CLUSTERS, TOOLS TO PROMOTE AND SUPPORT REGIONAL SMART SPECIALIZATION

Cristina Ganescu, Cristina Serbanica, Sebastian Ene and Iuliana Talmaciu
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Cristina Ganescu: Constantin Brâncoveanu University of Pitesti, Romania
Cristina Serbanica: Constantin Brâncoveanu University of Pitesti, Romania
Sebastian Ene: Constantin Brâncoveanu University of Pitesti, Romania
Iuliana Talmaciu: Constantin Brâncoveanu University of Pitesti, Romania

Management and Marketing Journal, 2019, vol. XVII, issue 1, 7-18

Abstract: Smart regional specialization is a concept promoted through the Europe 2020 Strategy that aims to increase the efficiency of the use of European funds for research, development and innovation. Innovation clusters are development tools for businesses in less developed regions of the European Union that can associate and cooperate to create networking opportunities and develop partnerships for investment in research, development, innovation, and technology transfer. The analysis of the potential to develop innovation clusters at the level of the less developed regions in Central and Eastern Europe, using the European Cluster Observatory and the Cluster Stars indicator, helped create a ranking of these regions and identify the economic sectors that play a role in the development of enterprises in the region, in increasing innovation and employment capacities.

Keywords: regional smart specialization; innovation clusters; lagging regions; European Union (search for similar items in EconPapers)
JEL-codes: O10 R11 (search for similar items in EconPapers)
Date: 2019
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