The paper deals with the problematic addressed in the above subtitle; i.e. that ?smart specialization? indicates old wine (specialization) in new bottles (smart), but is in fact new wine (diversity) in old bottles (specialization). This confusion will obviously lead to problems with respect to...

We use a dynamic model to study the effects of technology and learning on the long run economic growth rates of a leading and a lagging region. New technologies are developed in the leading region but technological improvements in the lagging region are the result of learning from the leading...

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...