Systematic Literature Review on Smart Specialization

Smart specialisation (SS) has been the new cohesion policy in the European Union during the last two periods. The present study aims to analyse the most relevant existing state-of-the-art literature on smart specialisation through a systematic and bibliometric review. Using the Web of Science bibliographic database, we analysed the content of 207 articles under the TCCM methodology and constructed a network of citations in order to summarize theories, characteristics, context and methods presented in existing studies on the topic. Our results show the theoretical and methodological gaps of the past, such as Entrepreneurial Discovery Process and SS indicators. These remain to the present day. The context analysis showed that the scope of smart specialisation extended beyond the frontiers of the European Union, given how it has been adopted by other countries as well. These results suggest the importance of developing a more robust theoretical, conceptual and methodological framework. Consequently, the guides need to be more accurate and should be continuously updated. Our results are valuable for the EDP actors and have policymaking implications.