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Article
Publication date: 7 October 2014

Luke Georghiou, and Elvira Uyarra, Ramona Saliba Scerri, Nadine Castillo and Jennifer Cassingena Harper

The purpose of this paper is to set out the process by which a smart specialisation strategy was developed for a small, peripheral economy in the European Union, the Republic of…

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Abstract

Purpose

The purpose of this paper is to set out the process by which a smart specialisation strategy was developed for a small, peripheral economy in the European Union, the Republic of Malta. It assesses the applicability of the approach in the context of a micro-economy with an industrial structure based on a small number of foreign direct investments and a predominance of micro-enterprises.

Design/methodology/approach

The paper follows an action research approach by presenting as a case study the process by which the strategy for Malta was assessed and developed through successive rounds of engagement with business and other actors with the application of scenarios and other prioritisation approaches to facilitate its development. An initial consultation with 20 public sector and representative organisations was followed by a general business workshop and 21 sectoral focus groups.

Findings

Lack of critical mass can be mitigated by maximising the generic use of available skills and competences. Given the higher vulnerability to external shock in micro-economies, strategies need to have a high degree of flexibility and adaptability. Greater internationalisation provides the main response to peripherality.

Practical implications

The approach can be applied more generally for micro-economies and in some aspects to other countries or regions lacking critical mass in research and innovation assets or facing peripherality.

Originality/value

The smart specialisation approach had not been applied in these circumstances and hence the findings allowed the concept to be extended and adapted to deal with the issues raised.

Details

European Journal of Innovation Management, vol. 17 no. 4
Type: Research Article
ISSN: 1460-1060

Keywords

Available. Content available
Article
Publication date: 10 February 2012

Edited by Luis Rubalcaba

345

Abstract

Details

Strategic Direction, vol. 28 no. 3
Type: Research Article
ISSN: 0258-0543

Available. Content available
Article
Publication date: 1 January 2012

Luis Rubalcaba

961

Abstract

Details

Strategic Direction, vol. 28 no. 1
Type: Research Article
ISSN: 0258-0543

Available. Content available
Article
Publication date: 3 May 2011

Francisco Mas‐Verdú

193

Abstract

Details

Management Decision, vol. 49 no. 4
Type: Research Article
ISSN: 0025-1747

Available. Open Access. Open Access
Article
Publication date: 8 October 2019

Korak Bhaduri and Shivendra Pandey

The purpose of this paper is to investigate the impact of information and communication technology (ICT) development and terrestrial and marine protection on the economic and

2704

Abstract

Purpose

The purpose of this paper is to investigate the impact of information and communication technology (ICT) development and terrestrial and marine protection on the economic and environmental sustainability of small-island tourism countries. The current study expands the smart specialisation literature in the context of small-island tourism nations. It also proposes sustainable future growth strategies for these countries.

Design/methodology/approach

This paper adopted structural equation modelling using the data of 14 island nations between 1995 and 2014. The selection of countries was based on a set of criteria borrowed from literature.

Findings

The results indicate that the development of ICT infrastructure was not only associated with a higher inflow of tourists and a higher GDP per capita but also with a higher carbon dioxide (CO2) emission. Results also suggest that higher protection of terrestrial and marine areas has no impact on tourist inflows in tourism countries. Also, higher protection decreases the dependence of the total output on the tourism sector.

Research limitations/implications

A limitation of this study is the lack of available macro data on some other relevant variables for the countries studied.

Social implications

Following the findings of this study, the governments of these countries should make stringent environmental regulations and relax the telecom regulations for sustainable smart specialisation.

Originality/value

This study presents a novel insight into the sustainability challenge of island nations through the lens of smart specialisation. It also contributes to the literature on ICT and development.

Details

Journal of Tourism Futures, vol. 6 no. 2
Type: Research Article
ISSN: 2055-5911

Keywords

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