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Linking policy research and practice in ‘STIG Systems’: Many obstacles, but some ways forward

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  • Philippe Aghion

    ()
    (Department of Economics, Harvard University)

  • Paul A. David

    ()
    (Department of Economics, Stanford University & All Souls College, University of Oxford)

  • Dominique Foray

    ()
    (Chaire en Economie et Management de l'Innovation, Collège du Management de la Technologie, Ecole Polytechnique Fédérale de Lausanne)

Abstract

This paper reflects on the relevance of “systems-theoretic” approaches to the interdependent policy issues bearing on the dynamics of science, technology and innovation in 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 while also acknowledging their more serious problematic features. The latter become visible quickly when one tries to connect systems-relevant research with practical policy-making in this field. Not content to have simply identified a number of the significant obstructions encountered in the path toward that goal, the paper also suggests some potentially feasible ways forward.

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File URL: http://cdm-it.epfl.ch/repec/cmi-wpaper/cemi-workingpaper-2007-002.pdf
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Bibliographic Info

Paper provided by Ecole Polytechnique Fédérale de Lausanne, Collège du Management de la Technologie, Management of Technology and Entrepreneurship Institute, Chaire en Economie et Management de l'Innovation in its series CEMI Working Papers with number cemi-workingpaper-2007-002.

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Length: 30 pages
Date of creation: Jun 2007
Date of revision:
Handle: RePEc:cmi:wpaper:cemi-workingpaper-2007-002

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Keywords: policy research; innovation; growth policy; system dynamics;

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  1. Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," Working papers 527, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Paul A. David & Dominique Foray, 2005. "Economic Fundamentals Of the Knowledge Society," Development and Comp Systems 0502008, EconWPA.
  3. Tor Jakob Klette & Jarle Møen, 1998. "From Growth Theory to Technology Policy – Coordination Problems in Theory and Practice," Discussion Papers 219, Research Department of Statistics Norway.
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