Introduction -- 1. The theoretical foundations of specialization, agglomeration and concentration -- 2. A review of localization measures -- 3. An empirical comparison of localization measures -- 4. Smart specialization and place-based policy. -5. Conclusion.

This book explores statistical models in regional specialization, presenting a brand new measure. It begins by reviewing existing indicators and models of regional specialization before outlining a newly created, spatially embedded model of specialization based on the spatial distribution of firms. It addresses the various applications of the model, and how the model can be used in regional policy. With its interdisciplinary application, this book should appeal to academics, applied researchers and policy makers as well as newcomers to the field of regional specialisation.

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