Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy

An undesirable result of the rapid implementation of smart specialization into the framework of European Union Cohesion Policy was that it left several practical issues unanswered. An important unanswered issue is the implementation of economic impact assessment in a smart specialization policy cont...

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Bibliographic Details
Published in:Regional studies Vol. 54; no. 1; pp. 48 - 59
Main Authors: Varga, Attila, Sebestyén, Tamás, Szabó, Norbert, Szerb, László
Format: Journal Article
Language:English
Published: Cambridge Routledge 02.01.2020
Taylor & Francis Ltd
Subjects:
Cohesion Policy
Computer simulation
Development policy
Economic development
Economic impact
economic impact assessment
Economic models
Economics
Entrepreneurship
GMR modelling
Impact analysis
innovation networks
Regional development
Regions
smart specialization
Specialization
ISSN:0034-3404, 1360-0591
Online Access:Get full text
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Summary:An undesirable result of the rapid implementation of smart specialization into the framework of European Union Cohesion Policy was that it left several practical issues unanswered. An important unanswered issue is the implementation of economic impact assessment in a smart specialization policy context. Integrating entrepreneurship and interregional network policies into an economic modelling framework is considered among the most prominent challenges. This paper introduces how these two policies are implemented in the GMR-Europe (geographic, macro and regional) model. The simulations highlight that smart specialization policy targeting the development of entrepreneurship and knowledge networks is not equally successful in all regions.
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ISSN:0034-3404
1360-0591
DOI:10.1080/00343404.2018.1527026