A Review of the Literature on Smart Development: Lessons for Small Municipalities

Viktorija Ipilova, Inta Ostrovska, Ludmila Aleksejeva, Elita Jermolajeva and Dmitrijs Olehnovics
Additional contact information
Viktorija Ipilova: The Institute of Humanities and Social Sciences, Daugavpils University, Latvia,
Inta Ostrovska: The Institute of Humanities and Social Sciences, Daugavpils University, Latvia,
Ludmila Aleksejeva: Department of Economics and Sociology, Daugavpils University, Latvia,
Elita Jermolajeva: Latvian Academy of Agricultural and Forestry Sciences, Latvia,
Dmitrijs Olehnovics: Department of History, Daugavpils University, Latvia.

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 1, 460-469

Abstract: Nowadays, scientists and practitioners unify modern regional development under the term smart, what brings technologies and creation of a new knowledge in a front of economic activities. Small municipalities as participants of the process have been studied seldom. Moreover, a huge part of the literature on smart development mostly pays attention to such key elements, which have limited capabilities in small municipalities (e.g. development of high technologies, patent activities, sustainability etc.). Thus, involvement of small municipalities into the process of smart development may be slowed-up, due to their insufficient knowledge and experience. This paper offers a literature review on scientific findings and practical guides about smart development with aim to show how small municipalities could develop smartly in bigger extent. The research results highlight scientifically proved cornerstones of smart development and provide analysis of successful experience how small municipalities can apply it in a practice.

Keywords: Regional Development; Smart Development; Small Municipalities; Literature Review (search for similar items in EconPapers)
JEL-codes: O11 O18 O21 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/3352/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/3352/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-01-59

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().