Eristian Wibisono

POLISS research theme

The Economic Impact of Smart Specialisation Policy in Less Developed European Regions

Host institution

University of Pécs

Secondment institutions

London School of Economics and Political Science
Chamber of Commerce and Industry of Pécs-Baranya

Supervisory team


Eristian holds a Masters degree in Economics from Jambi University (Indonesia). Currently he is working as a civil servant in the Department of Industry and Trade in Jambi Province, Indonesia. He started his teaching experience as a guest lecturer at the Chemistry Program at Jambi University. His research interests are Development Economics, Regional Economics and Industrialization where he has published several related scientific articles.


Eristian focusses on assessing the economic impact of the Smart Specialization policy in less developed regions of Europe using the recently developed GMR-Europe economic impact modeling.

Current Research Question

The research question concerns the extent to which GMR-Europe can provide an appropriate solution to measure the economic impact of SmartSpec policies after various policy interventions are simulated.

Data & Methods

European data statistics (Eurostat) and regional statistics from 1995-2020. Two main analytical dimensions: regional spillover capacity and economic impact modelling.

Societal interests

Research novelty: A new experience in implementing Smart Specialization by selecting the less developed regions of Europe, offering a method for prioritizing, and assessing the ex-ante and ex-post economic impacts. Future research could be proposed by the stakeholders/researchers to present findings that may differ in these regions. The utilization of GMR-Europe can also be an attraction for the region.


A Critical Review of Open Innovation in SMEs: Implementation, Success Factors and Challenges by Eristian Wibisono

This literature review explores the Open Innovation of SME companies, their application, success factors, impact, and challenges. The theoretical framework is built starting from the definition, a critical pillar, and Open Innovation in SME companies. The main factor in the Open Innovation process stage is finding innovative ideas and establishing network access with the external environment. Balanced, systematic, and thorough collaboration is the key to this process. Although European scholars have done it quite a lot, the study of literature on Open Innovation in SMEs still could continue to be developed. Several research results were found in studies conducted in developing countries such as China, Taiwan, and Korea, distinguishing them from similar studies in Europe.