Applying Regional VRIO Model to Island Regions: An Evaluation of RIS3

João Lopes (), José Oliveira () and Paulo Silveira ()
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João Lopes: Research Unit of ISAG & NECE, Research Centre in Business Science
José Oliveira: Research Unit of ISAG
Paulo Silveira: Sport, Health & Exercise Research

A chapter in Regional Helix Ecosystems and Sustainable Growth, 2020, pp 67-84 from Springer

Abstract: Abstract This research aims to evaluate the stakeholders’ perception on the areas of smart specialization strategy (RIS3) defined for a given region. A quantitative methodology was followed through questionnaires applied to different stakeholders from two Portuguese island regions (Madeira and Azores); regional VRIO model was tested for these regions. The results of the research indicate that stakeholder perception is not the same as its policy makers in the areas of smart specialization defined in the RIS3 of the region where they belong. Our research provides support to policy makers in regional strategies modeling, assessing, and measuring island regional performance. Furthermore, this research suggests measures to conduit the gaps found in the island regions’ smart specialization strategies.

Keywords: Smart specialization; Regional development; RIS3; VRIO; Island regions; Resource-based view (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:seschp:978-3-030-47697-7_5

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DOI: 10.1007/978-3-030-47697-7_5

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