scholarly journals The Impact of Economic Specialization on Regional Economic Development in the European Union: Insights for Formation of Smart Specialization Strategy

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 76
Author(s):  
Giedrė Dzemydaitė
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Regional Economic Development ◽  
The European Union ◽  
Location Quotient ◽  
Regional Economic ◽  
Clear Cut ◽  
Smart Specialization ◽  
Economic Specialization ◽  
The Impact

The smart specialization concept was implemented in the EU in 2014, stating that regions have to specify specialization areas for development of innovations. Economic specialization reveals a comparative advantage in that field. However, there are different arguments linking specialization to economic development. This study analyzes these arguments and aims to investigate the impact of economic specialization on regional economic development and to give insights into identifying prospective areas in regional economies. A panel fixed effect estimation of industry-level regional data suggests that economic specialization in broader regional employment, called relative specialization, is ambiguously associated with economic development. Our findings suggest that neither economic specialization nor economic diversity are a clear-cut solution for ensuring economic growth. Economic structure in EU regions differs, and there is no one answer for which approach is better for economic development. Specialization measures, particularly the location quotient, cannot fully capture the dynamics in the industry structure that could be essential for formation of regional development strategy.

Should Attitudinal Views toward Innovation Development Play a Role in Policy in Peripheral EU Regions?: New Evidence from Vouchers Program in Northern Ireland

2018 ◽  
Vol 6 (2) ◽  
pp. 121-137
Author(s):  
Sean M. McDonald ◽  
Remi C. Claire ◽  
Alastair H. McPherson
Keyword(s):  
Economic Development ◽  
Northern Ireland ◽  
Policy Design ◽  
Regional Economic Development ◽  
Innovation Development ◽  
Regional Economic ◽  
Eu Regions ◽  
Future Policy ◽  
The Impact ◽  
New Evidence

The impact and effectiveness of policies to support collaboration for Research & Development (R&D) and Innovation is critical to determining the success of regional economic development. (O’Kane, 2008) The purpose of this paper is to evaluate the level of success of the Innovation Vouchers Program operated by Invest Northern Ireland (Invest NI) from 2009 to 2013 and address if attitudinal views towards innovation development should play in a role in future policy design in peripheral EU regions. 

scholarly journals The Industry Cluster Approach for Tourism Development of Central Vietnam

2016 ◽  
Vol 11 (5) ◽  
pp. 167 ◽  
Author(s):  
Truong Hong Trinh
Keyword(s):  
Cluster Analysis ◽  
Economic Development ◽  
Value Chain ◽  
Regional Economic Development ◽  
Production Network ◽  
Economic Activities ◽  
Industry Cluster ◽  
Location Quotient ◽  
Regional Economic ◽  
Central Vietnam

Industry cluster is frequently mentioned in the literature of the regional economic development, but there are a few studies about identifying competitive clusters in the region. For this reason, the paper approaches cluster analysis for identifying competitive clusters in Central Vietnam. From location quotient and shift-share analysis, the result reveals that tourism cluster is a competitive cluster for the regional economic development. Then, the study develops the tourism cluster in central Vietnam that includes tourism cluster profile, tourism production network, and tourism value chain. Moreover, the study result provides a basic framework for industry cluster analysis that help policy makers and economic developers to understand economic activities, characteristics of competitive cluster and supranational characters in the regional economy, then deliver strategy and policies for tourism cluster development of Central Vietnam.

scholarly journals PENENTUAN SEKTOR UNGGULAN PEREKONOMIAN WILAYAH KABUPATEN BONE BOLANGO DENGAN PENDEKATAN SEKTOR PEMBENTUK PDRB

ETIKONOMI ◽  
2012 ◽  
Vol 11 (2) ◽  
Author(s):  
Fitri Amalia
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Population Growth ◽  
Regional Economic Development ◽  
Location Quotient ◽  
Main Condition ◽  
Regional Economic ◽  
Economic Needs

Economic growth and its process are the main condition for the sustainability of the regional economic development. Because of the continuing population growth means economic needs also increase so that additional revenue required each year. This research is focused to determine the regional leading sector of Bone Bolango as the information and considerations in planning economic development. Location Quotient (LQ) and Shift Share are tools of analysis. Location Quotient analysis indicates agriculture, manufacture, finance, leasing and corporate services are base sectors in the Bone Bolango district. Shift Share analysis indicates that the competitive sectors are finance, leasing and corporate services. The results was indicate that the leading sector with the criteria developed, base, and competitive is finance and services sectorDOI: 10.15408/etk.v11i2.1893

Nanotechnology as a proxy to capture regional economic development? New findings from the European Union Framework Programmes

2017 ◽  
Vol 6 (2) ◽  
pp. 159-170 ◽  
Author(s):  
Giuseppe Calignano
Keyword(s):  
European Union ◽  
Economic Development ◽  
Regional Economic Development ◽  
The European Union ◽  
New Production ◽  
Regional Economic ◽  
Private Organizations ◽  
New Findings ◽  
Framework Programmes ◽  
Key Enabling Technologies

AbstractThe European Union has included nanotechnology in the Key Enabling Technologies helping countries to tackle current and future societal challenges thanks to their applications in multiple industries. Furthermore, one theme named “Nanosciences, Nanotechnologies, Materials and New Production Technologies” was included in the Sixth and Seventh Framework Programmes with the purpose of financing organizations specifically involved in nanotechnology activities. The empirical analysis presented in this paper aims to reconstruct the participation of the Italian private, public and public-private organizations at the regional level in the European Union nanotechnology network. The hypothesis is that a high share of private organizations and a well-balanced proportion of private and public entities are beneficial for knowledge circulation potentially leading to innovation. This paper confirms the findings of other recent studies by revealing that the participation of private, public and public-private organizations at the European Union level overlaps the distribution of the nanotechnology activities in Italy and the regional disparities in the country. More in general, this paper strengthens the concept that the interdisciplinary nature of nanotechnology and the collaborations fostered by the Framework Programmes enable researchers to capture regional economic development from a global viewpoint.

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