EconPapers    
Economics at your fingertips  
 

How ‘smart’ are smart specialisation strategies?

Marco Di Cataldo (), Vassilis Monastiriotis () and Andrés Rodríguez-Pose ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The introduction of smart specialization (S3) as a fundamental pillar of the 2014 reform of the EU cohesion policy is a significant strategic shift in European development intervention. S3 strategies aimed at mobilizing the economic potential of each country and region of the EU by allowing a more place-based and bottom-up approach to development. However, despite the salience that S3 has acquired in a short period of time, there has been no European-wide evaluation of the extent to which S3 strategies truly reflect the economic characteristics and potential of the territories where they are being implemented. This article examines the characteristics of S3 strategies across Europe – by focusing on their development axes, economic or scientific domains and policy priorities – to assess whether this is the case. The results show that S3 strategies display a proliferation of objectives, a problem that particularly affects areas with weaker quality of government. Moreover, strategies are generally loosely connected with the intrinsic conditions of each region and mostly mimic what neighbouring areas are doing. The lack of more concise and focused S3 strategies is likely to undermine the effectiveness of what is, otherwise, a very interesting and worthwhile policy experiment.

Keywords: smart specialisation; EU Policy; regions; Europe (search for similar items in EconPapers)
JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2022-09-01
New Economics Papers: this item is included in nep-ban, nep-geo and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published in Journal of Common Market Studies, 1, September, 2022, 60(5), pp. 1272 - 1298. ISSN: 1747-5244

Downloads: (external link)
http://eprints.lse.ac.uk/107085/ Open access version. (application/pdf)

Related works:
Journal Article: How ‘Smart’ Are Smart Specialization Strategies? (2022) Downloads
Working Paper: How 'smart' are Smart Specialisation strategies? (2020) Downloads
Working Paper: How ‘smart’ are Smart Specialisation strategies? (2020) Downloads
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:ehl:lserod:107085

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().

 
Page updated 2022-09-22
Handle: RePEc:ehl:lserod:107085