6. Conclusion, research and policy challenges
Besides above mentioned interesting and challenging research results, our paper contains several original ideas, excellent statistical results and contribution to literature and practice in terms of future urban planning and decision making.
Considering existing knowledge and experience from academia and practice, we can identify two approaches in the definition of smart cities. The first approach may be defined as technocratic. Technocratic approach is based on the preference of technical solutions, in particular the use of modern ICTs and their massive exploitation in urban planning. From our point of view, this technocratic approach refers mainly to ʻdigitalʼ, ʻcyberʼ (for more information see Scott, 2016) or ʻintelligentʼ cities (see for example Komninos, 2002, 2013; Paskaleva, 2014). Second approach may be defined as integrated approach. Besides the role of ICT, integrated approach advocate the importance of human aspect (inter alia Caragliu et al., 2011, 2014, Dameri, 2017, Dameri, Sabroux, & Negre, 2016, Giffinger et al., 2007, Hollands, 2008, Nam & Pardo, 2011). In principle, we can talk about smart solutions that concern management, organization and processes. We incline towards integrated approach because of its complexity and orientation on integrity, not only partial technical solutions. In coherence with above mentioned is an approach that adopts European Parliament (2014). The evolution of each particular smart city is shaped by a complex mix of technologies, social and economic factors, governance arrangements, policy and business drivers. The implementation of the Smart City concept, therefore, follows very varied paths depending on each city's specific policies, objectives, but also size, funding and scope. Big investment into ICT, as required in technocratic approach, may not always be the best or the most efficient solution for smaller and medium-sized smart cities. Return of such investments may not always be reliable for smart cities of smaller size. This is the first added value of our paper in terms of enriching current theoretical knowledge on smart cities. Besides, the paper contributes to the literature in following important ways. Although there are several studies that investigate the relationship between urbanization and economic growth, this particular paper analyses the so far understudied relationship between city size and smart cities performance. Another contribution to literature relates to the analysis of significant indicators that allow division of smart cities into size categories. More precisely, the paper explores how the city size shaped individual components (characteristics and indicators) of smart cities.