EconPapers    
Economics at your fingertips  
 

Conceptual Model of Differentiated Social and Economic Policy of Smart Specialization of Regions

Daria Serogina and Hanna Bazetska
Additional contact information
Daria Serogina: Department of Economics of Municipal Enterprises, O.M. Beketov National University of Urban Economy in Kharkiv, Ukraine,
Hanna Bazetska: Department of Economics of Municipal Enterprises, O.M. Beketov National University of Urban Economy in Kharkiv, Ukraine,

International Journal of Economics and Financial Issues, 2018, vol. 8, issue 4, 185-198

Abstract: In this article the methodical foundations for the construction of a regional innovation strategy and the vectors for the formation of a new policy are presented. The necessity of conducting a regionally differentiated innovation policy based on the principles of Smart Specialization is substantiated; the assessment of Ukraine's preparedness for the practical implementation of the Smart Specialization concept is given. The authors consider the prerequisites for the application of the Smart Specialization concept in the EU and Ukraine; they also evaluate and formulate the advantages of applying the Smart Specialization strategy. When using the concept of Smart Specialization, the strategic directions are: creation and development of creative regions; development of a network of technologically advanced public services; assistance in the development of the infrastructure of the innovation ecosystem; encouraging small and medium-sized enterprises to participate in the global structure of value creation. We think that the application of the policy of the Smart Specialization of the regions will allow us to launch the process of improvement and transformation of national and regional innovative strategies that provide a strategic framework for innovative transformation of the regional economy and determine the main investment priorities.

Keywords: Smart Specialization; regional development, innovation policy; economic growth, cluster policy. (search for similar items in EconPapers)
JEL-codes: O33 O38 R11 R58 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/6743/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/6743/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:journ1:2018-04-24

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 ().

 
Page updated 2018-09-29
Handle: RePEc:eco:journ1:2018-04-24