The economic implications of Smart Specialisation governance

Carlo Gianelle, Fabrizio Guzzo, Javier Barbero and Simone Salotti

No JRC136582, JRC Research Reports from Joint Research Centre

Abstract: Smart Specialisation strategies are a legally binding condition for access to European Cohesion Policy funding for research and innovation in the period 2014-2020, and provide the strategic governance framework to guide investment in those areas. Weak or underdeveloped governance of Smart Specialisation strategies can undermine the effectiveness of the policy. This Policy Insight presents a general equilibrium analysis of the impact of the quality of Smart Specialisation governance on its macroeconomic returns. A combination of survey data on Smart Specialisation governance and the RHOMOLO spatial general equilibrium model shows that improving the Smart Specialisation policy governance significantly increases the investment-related impact of the policy. On the other hand, the results suggest that a considerably greater impact can be achieved by improving governance quality. This finding calls for interventions targeting those areas where the quality of policy governance is lagging behind.

Keywords: rhomolo; region; growth; cohesion policy; smart specialisation (search for similar items in EconPapers)
JEL-codes: C68 R13 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2024-03
New Economics Papers: this item is included in nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC136582 (application/pdf)

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:ipt:iptwpa:jrc136582

Access Statistics for this paper

More papers in JRC Research Reports from Joint Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().