Regional SMART specialization: microbusiness impact
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
Izdevnieciba «Baltija Punlishing»
Abstract
SMART specialization is a basic approach to the development of regional innovation policy. It involves
identifying priority sectors of the local economy with the involvement of key stakeholders. Currently, statistics on the
development of regions are presented in terms of large business, small and medium. In this context, the generally
accepted methodology from the Joint Research Center of the European Commission has limited application.
Because it does not take into account the performance of microbusiness (individual entrepreneurs). For countries
with economies in transition, this is critical, as they reach 80% of the business structure. Therefore, considering
their voice is also necessary. Our approach involves a combination of quantitative (assessment of innovation and
economic potential of the region) and qualitative (survey of microbusiness representatives) methods to identify
priority areas of SMART specialization. Approbation of the offered method was carried out on the example of the
Mykolaiv region which is in the south of Ukraine. The results of the study have shown that the innovation of micro-
enterprises is at a low level. At the same time, they demonstrate a high level of desire to be involved in the process
of SMART specialization and innovation of production.
Description
Keywords
innovations, regional development, SMART specialization, SMEs, microbusiness
Citation
Polishchuk Y. Regional SMART specialization: microbusiness impact / Yevheniia Polishchuk, Alla Ivashchenko, Anna Kornyliuk // Baltic Journal of Economic Studies. – 2020. – Vol. 6, № 5. – P. 209–215.