Economic development and evolving state capacities in Central and Eastern Europe: can “smart specialization” make a difference?

Karo, Erkki; Kattel, Rainer

doi:10.1080/17487870.2015.1009068

Cited by 56 publications

(33 citation statements)

References 26 publications

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“…However, our findings suggest that policy should also account for the innovative capacity of regions, since this may be important to stimulate more unrelated diversification to avoid potential lock-in, especially in peripheral regions in the European Union where innovation capacity is low. In this respect, one could think of all kinds of policies that will address the low absorptive of companies and weak entrepreneurial capacities in peripheral regions but also institutional weaknesses like low quality of government and a poor culture of collaboration (Rodríguez-Pose, Di Cataldo, and Rainoldi 2014;Karo and Kattel 2015;McCann and Ortega-Argilés 2015;Rodríguez-Pose and Wilkie 2015;Cortinovis et al 2017). Table A2 Correlations of Main Variables…”

Section: Discussionmentioning

confidence: 99%

Industrial Diversification in Europe: The Differentiated Role of Relatedness

Xiao¹,

2018

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There is increasing interest in the drivers of industrial diversification, and how these depend on economic and industry structures. This article contributes to this line of inquiry by analyzing the role of industry relatedness in explaining variations in industry diversification, measured as the entry of new industry specializations, across 173 European regions during the period 2004-2012. First, we show that there are significant differences across regions in Europe in terms of industrial diversification. Second, we provide robust evidence showing that the probability that a new industry specialization develops in a region is positively associated with the new industry's relatedness to the region's current industries. Third, a novel finding is that the influence of relatedness on the probability of new industrial specializations depends on innovation capacity of a region. We find that relatedness is a more important driver of diversification in regions with a weaker innovation capacity. The effect of relatedness appears to decrease monotonically as the innovation capacity of a regional economy increases. This is consistent with the argument that high innovation capacity allows an economy to break from its past and to develop, for the economy, truly new industry specializations. We infer from this that innovation capacity is a critical factor for economic resilience and diversification capacity.

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Section: Discussionmentioning

confidence: 99%

Industrial Diversification in Europe: The Differentiated Role of Relatedness

Xiao¹,

2018

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“…Following other analyses of innovation policy path-dependent trajectories and capacities in comparable contexts (Valdaliso et al, 2014;Karo & Kattel, 2015;Karo & Looga, 2016), one avenue of future research could hypothesize that Scotland has bought into the development of regional competitive advantage earlier, whilst Slovenia had limited exposure to these policies prior to entering the EU (in 2004). Hence, it has not established a strong position on constructing regional competitive advantage and was more easily persuaded into the merits of niche specialization through entrepreneurial discovery as proposed through the S3 policy (Karo et al, 2017;Bučar & Rissola, 2018).…”

Section: The Fundamentals: Cultural and Political Differences In Apprmentioning

confidence: 99%

The Ten Million Euro Question: How Do Innovation Intermediaries Support Smart Specialization?

Vidmar

2019

CES

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Smart Specialization Strategy (S3) has become a dominant regional economic development field with significant policy traction, in particular within the European Union. However, questions are being raised about its operationalization and a gap has been identified with respect to the role of innovation intermediaries' interventions in support of the developing regional-sectoral innovation systems. In particular, reasons for diverging policy approaches of "niche specialization" versus "regional advantage" in comparable situations should be examined to illuminate the contextual factors impacting the interpretation of the intermediaries' mandates. In this paper, the cases of two leading investments in innovation intermediation in the emerging New Space sector are analyzed (Space-SI and Higgs Centre for Innovation) in two EU NUTS level 1 regions (Slovenia and Scotland), which were previously peripheral players in this technological domain. In particular, using a novel innovation intermediation interventions' classification, this paper identifies the difference between research and development (R&D) and business development (BD) support foci in the two locales, noting some of the contextual factors associated with them and arguing for the long-term balancing of the two approaches.

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“…Smart Specialisation has become ex-ante conditionality for the EU regional and cohesion policy (Karo, Kettel, 2015). In the context of industrial policy, Smart Specialization approach could be considered as a continuation of horizontal approach of industrial strategy.…”

Section: Literature Reviewmentioning

confidence: 99%

Regional Competitiveness in the Context of “New Industrial Policy” – The Case of Croatia

Bačić¹,

Aralica

2017

Zb.rad.Ekon.fak.Rij.

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The purpose of this paper is to do research on regional conditions that are most conducive to maximising the positive effects of the implementation of "New industrial policy" (policy based on Smart specialisation strategy) to regional competitiveness in Croatia. Rather than using the standard but fragmented system of counties, this small post-transition economy is first mapped into five regions following the concept of regional innovation systems (RISs

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Economic development and evolving state capacities in Central and Eastern Europe: can “smart specialization” make a difference?

Cited by 56 publications

References 26 publications

Industrial Diversification in Europe: The Differentiated Role of Relatedness

Industrial Diversification in Europe: The Differentiated Role of Relatedness

The Ten Million Euro Question: How Do Innovation Intermediaries Support Smart Specialization?

Regional Competitiveness in the Context of “New Industrial Policy” – The Case of Croatia

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