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Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems'

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Author Info
Aghion, Philippe
David, Paul A.
Foray, Dominique

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Abstract

This paper reflects on the relevance of "systems-theoretic" approaches to the interdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth. Considering the approach that characterizes much of the current economics literature's treatment of technology and growth policies, we pose the critical question: what kind of systems paradigm is likely to prove particularly fruitful in that particular problem-domain? Evolutionary, neo-Schumpeterian, and complex system dynamics approaches are conceptually attractive, and we examine their respective virtues and limitations. Both qualities are readily visible when one tries to connect systems-relevant research with practical policy-making in this field.

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File URL: http://www.sciencedirect.com/science/article/B6V77-4VVRCJM-1/2/58a538782ba84a8cfc9d7e64c0d81187
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Publisher Info
Article provided by Elsevier in its journal Research Policy.

Volume (Year): 38 (2009)
Issue (Month): 4 (May)
Pages: 681-693
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Handle: RePEc:eee:respol:v:38:y:2009:i:4:p:681-693

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Keywords: Science & technology policy Institutions Systems;

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    Other versions:
  2. Paul A. David, 2005. "The Economic Logic of “Open Science” and the Balance between Private Property Rights and the Public Domain in Scientific Data and," Development and Comp Systems 0502006, EconWPA. [Downloadable!]
  3. Blumenthal, Marjory S, 1998. "Federal Government Initiatives and the Foundations of the Information Technology Revolution: Lessons from History," American Economic Review, American Economic Association, vol. 88(2), pages 34-39, May. [Downloadable!] (restricted)
  4. Franco Malerba & Richard Nelson & Luigi Orsenigo & Sidney Winter, 2006. "Vertical Integration and Dis-integration of Computer Firms: A History Friendly Model of the Co-evolution of the Computer and Semiconductor Industries," Papers on Economics and Evolution 2006-19, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
    Other versions:
  5. Paul A. David, 2007. "Path dependence: a foundational concept for historical social science," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 1(2), pages 91-114, July. [Downloadable!]
  6. Paul A. David & Gavin Wright, 1999. "General Purpose Technologies and Surges in Productivity: Historical Reflections on the Future of the ICT Revolution," Oxford University Economic and Social History Series _031, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
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  7. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc. [Downloadable!]
  8. Nickell, Stephen J, 1996. "Competition and Corporate Performance," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-46, August. [Downloadable!] (restricted)
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  9. Paul David & Edward Steinmueller, 2003. "Introduction," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 12(1), pages 1-3, January. [Downloadable!] (restricted)
  10. Klette, T.J. & Moen, J., 1998. "From Growth Theory to Technology Policy -Coordination Problems in Theory and Practice," Papers 20/98, Norwegian School of Economics and Business Administration-.
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  11. Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. David, Paul A., 1994. "Why are institutions the 'carriers of history'?: Path dependence and the evolution of conventions, organizations and institutions," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 205-220, December. [Downloadable!] (restricted)
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  14. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297. [Downloadable!] (restricted)
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