engleski

Effects of smart specialization on regional economic resilience in EU

Recently, the term regional economic resilience (RER) has become popular to understand how regional economies are faring due to the consequences of recent economic crises. Thus, RER has been in focus of the researcher but there is lack of the empirical investigation on its determinants. Therefore, this paper establishes empirical model focusing on the role of smart specialization for RER. Empirical analysis is performed for NUTS 2 regions in EU-27 based on a panel data approach for a 14-years period (2001-2014). The results are indicating that smart specialization has significant and positive effect on RER.

regional economic resilience ; smart specialization ; EU ; dynamic panel ; NUTS regions

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