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ABSTRACT. This paper aims to analyze and discuss the concept of smart cities, the assemblage of participants, tenets and technologies related to smart city interventions, and the governance approaches in smart cities. My analysis complements the growing literature on the collaborative character of smart cities, the key function of political, economic and cultural frameworks in influencing the manner cities attempt to become smart, and the demand for altering governance patterns in smart cities. Although researchers have discovered some important findings regarding the characteristics of smart city proposals, major beneficiaries of smart city technologies, and elements or determinants for governance paradigms in smart cities, there is still a great deal that is unknown and that requires further empirical inquiry. pp. 76–82
JEL codes: O14; L24

Keywords: smart city technology; governance pattern; collaborative ecosystem

How to cite: Popescu, Gheorghe H. (2015), “The Economic Value of Smart City Technology,” Economics, Management, and Financial Markets 10(4): 76–82.

Received 10 February 2015 • Received in revised form 15 November 2015
Accepted 16 November 2015 • Available online 22 December 2015

GHEORGHE H. POPESCU
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Dimitrie Cantemir Christian University

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