Effects of smart specialization on regional economic resilience in EU

The regional economic resilience (RER) term has become popular recently and tackles the issue of understanding how regional economies are faring due to the consequences of high levels of economic dynamism. In that way RER becomes the focus of the researchers but there is lack of the empirical investigation of its determinants. Therefore, this paper establishes empirical model focusing on the role of smart specialization on RER. Empirical analysis is performed for NUTS 2 regions in EU-27 based on a panel data approach for a 10-year period (2003-2012). The results indicate that smart specialization has significant and positive effect on RER.