From smart specialisation to smart specialisation policy

By Dominique Foray. 2014

189 citations recorded by the source corpus.

Purpose – The purpose of this paper is to focus on the distinction between smart specialisation and smart specialisation policy and it studies under what conditions a smart specialisation policy is necessary. Design/methodology/approach – A conceptual framework is built based on historical evidence of successful dynamics of structural changes at regional level qualified as “smart specialisation”. The identification of market and coordination failures that are likely to impede the occurrence of spontaneous process of smart specialisation makes a good case for a smart specialisation policy. Findings – The paper highlights important design principles for the policy process that should help to minimise potential risks of policy failures and policy capture. Research limitations/implications – The paper does assess the effect of smart specialisation on innovation and growth at regional level because it is too early to observe and measure effects. The paper confines itself to conjectures about the effects of suc...

Subfields: Political Science and International Relations, Surgery

View Paper: https://www.semanticscholar.org/paper/7e2276e9af6bc1be7763bf7e80af54db75333bf5

Citations in the corpus