A RHOMOLO analysis of the RIS3 innovation targets in Southern Europe

Javier Barbero, Olga Diukanova (), Carlo Gianelle, Simone Salotti and Artur Santoalha ()
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Olga Diukanova: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Artur Santoalha: TIK Centre for Technology, Innovation and culture - UIO

No JRC125800, JRC Research Reports from Joint Research Centre

Abstract: EU regions must formally adopt a Research and Innovation Strategy for Smart Specialisation (RIS3) to access the Cohesion policy funding for research and innovation investments. Smart Specialisation helps regions to identify opportunities for competitive advantages in high value added activities through selectivity and the entrepreneurial discovery process. A recent modelling exercise suggests achieving the R&I numerical targets set by the regional authorities managing the Smart Specialisation funding could lead to substantial GDP gains in the short run and over a longer time horizon. This type of analysis helps quantifying the potential scope of the Smart Specialisation policy based on the objectives set by the RIS3 managing authorities.

Keywords: Rhomolo, Region, Growth, Smart Specialisation; ex-ante policy impact assessment; CGE models; Cohesion policy. (search for similar items in EconPapers)
JEL-codes: C68 O38 R13 R58 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2021-07
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