Methodological approaches in the design of Smart Specialization Strategy in Serbia

Kutlača, Đuro and Živković, Lazar and Popović-Pantić, Sanja (2020) Methodological approaches in the design of Smart Specialization Strategy in Serbia. Industrija, 48 (2). pp. 55-71. ISSN 0350-0373

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Abstract

The aim of this paper is to present two methodological approaches
to the analysis of the regional potentials in the Republic of Serbia as a first out
of the six-step phases of the development of Research and Innovation Strategy
for Smart Specialization (RIS3). Within the quantitative analysis of
regional/national context, two approaches that have been used in order to
select preliminary priority areas are Location Quotient (LQ) and Multi-Criteria
Decision Making (MCDM). This paper presents discussions related to
challenges of implementation of a methodology for selection of priority sectors
in the economy based on the use of LQ (LQ≥1.5) and use of MCDM methods
for aggregation of all available indicators in order to be able to produce ranking
lists of all active sectors in the Republic of Serbia. Both implemented methods
are relatively simple. The use of the LQ method is very useful in order to select
a limited number of priorities, while the MCDM method is ideal for consolidating
all available indicators into one indicator: forming a ranking list of all NACE
sector groups in the region or country, with the precise position of each group.

Item Type:	Article
Additional Information:	COBISS.ID=23224329
Uncontrolled Keywords:	smart specialization, S3 strategy, MCDM methods, priority Sectors, dialogue
Research Department:	Innovation Economics
Depositing User:	Jelena Banovic
Date Deposited:	18 Oct 2023 08:22
Last Modified:	18 Oct 2023 08:22
URI:	http://35.240.28.64/id/eprint/1966
Author Links:	[error in script] No links available.

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