THE CHALLENGES OF SMART SPECIALISATION IN THE LESS DEVELOPED REGIONS

Sebastian Ene () and Cristina Serbanica
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Sebastian Ene: Associate Professor PH.D. Constantin Brancoveanu University
Cristina Serbanica: Associate Professor PH.D. Constantin Brancoveanu University

Management Strategies Journal, 2019, vol. 44, issue 2, 79-93

Abstract: Smart specialisation is an industrial and innovation framework for regional economies that aims to illustrate how public policies, framework conditions, but especially R&D and innovation policies can influence economic, scientific and technological specialisation of a region and consequently its productivity, competitiveness and economic growth paths. At the European Union level, smart specialisation has become a flagship policy and the EU has translated the principles of smart specialisation into operational elements of regional innovation strategies (RIS3) and has claimed for differentiated approaches for the less developed territories that are far from the technology frontier and lack the critical mass for R&D. Within this context, the purpose of our study is to explore the challenges related to smart specialization in the less developed regions and to shed light on the most recurrent policy recommendations that are responsive to their specific needs.

Keywords: smart specialisation; R&D; innovation; less developed regions (search for similar items in EconPapers)
JEL-codes: O3 O4 R1 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:44:y:2019:i:2:p:79-93

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