Innovation Policy, Entrepreneurship, and Development: A Finnish View
AbstractThis article first reviews the economic rationales for innovation policy. It then describes the Finnish innovation policy and policy making environment. The Finnish policy is evaluated from the point of view of fostering entrepreneurship. R&D subsidies, the main tool of Finnish innovation policy, may not be a very effective way of fostering entrepreneurship, compared to R&D tax credits of the type used in the Netherlands and Norway. The main reason for this is that the latter provide support in a more transparent way. The article ends with a discussion of what lessons the Finnish innovation policy offers to developing countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology in its series UNU-MERIT Working Paper Series with number 050.
Date of creation: 2009
Date of revision:
Contact details of provider:
Web page: http://www.merit.unu.edu
innovation policy; R&D subsidies; R&D tax credit; developing countries; interim efficiency; market failure;
Find related papers by JEL classification:
- L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tor Jakob Klette & Jarle Møen, 1998.
"From Growth Theory to Technology Policy – Coordination Problems in Theory and Practice,"
219, Research Department of Statistics Norway.
- Tor Jakob Klette & Jarle Møen, 1999. "From Growth Theory to Technology Policy - Coordination Problems in Theory and Practice," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 25, pages 53-74.
- 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-.
- Bronwyn H. Hall & Alessandro Maffioli, 2008.
"Evaluating the Impact of Technology Development Funds in Emerging Economies: Evidence from Latin America,"
OVE Working Papers
0108, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
- Bronwyn Hall & Alessandro Maffioli, 2008. "Evaluating the impact of technology development funds in emerging economies: evidence from Latin America," European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 172-198.
- Bronwyn H. Hall & Alessandro Maffioli, 2008. "Evaluating the Impact of Technology Development Funds in Emerging Economies: Evidence from Latin America," NBER Working Papers 13835, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H. & Maffioli, Alessandro, 2008. "Evaluating the Impact of Technology Development Funds in Emerging Economies: Evidence from Latin-America," IIR Working Paper 08-01, Institute of Innovation Research, Hitotsubashi University.
- Trajtenberg, Manuel, 1989. "The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 444-79, April.
- Amil Petrin, 2002. "Quantifying the Benefits of New Products: The Case of the Minivan," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 705-729, August.
- Trajtenberg, M. & Bresnahan, T.F., 1992.
"General Purpose Technologies: "Engines of Growth","
16-92, Tel Aviv.
- Jalava, Jukka & Pohjola, Matti, 2008. "The roles of electricity and ICT in economic growth: Case Finland," Explorations in Economic History, Elsevier, vol. 45(3), pages 270-287, July.
- Jaffe, Adam B & Trajtenberg, Manuel & Henderson, Rebecca, 1993.
"Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations,"
The Quarterly Journal of Economics,
MIT Press, vol. 108(3), pages 577-98, August.
- Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1992. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," NBER Working Papers 3993, National Bureau of Economic Research, Inc.
- Jaffe, A.B. & Trajtenberg, M., 1992. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," Papers 14-92, Tel Aviv.
- repec:fth:iniesr:506 is not listed on IDEAS
- Hyytinen, Ari & Toivanen, Otto, 2005.
"Do financial constraints hold back innovation and growth?: Evidence on the role of public policy,"
Elsevier, vol. 34(9), pages 1385-1403, November.
- Hyytinen, Ari & Toivanen, Otto, 2003. "Do Financial Constraints Hold Back Innovation and Growth? Evidence on the Role of Public Policy," Discussion Papers 820, The Research Institute of the Finnish Economy.
- Holmstrom, Bengt & Myerson, Roger B, 1983.
"Efficient and Durable Decision Rules with Incomplete Information,"
Econometric Society, vol. 51(6), pages 1799-819, November.
- Bengt Holmstrom & Roger B. Myerson, 1981. "Efficient and Durable Decision Rules with Incomplete Information," Discussion Papers 495, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Tuomas Takalo & Tanja Tanayama, 2010.
"Adverse selection and financing of innovation: is there a need for R&D subsidies?,"
The Journal of Technology Transfer,
Springer, vol. 35(1), pages 16-41, February.
- Takalo, Tuomas & Tanayama, Tanja, 2008. "Adverse selection and financing of innovation: is there a need for R&D subsidies?," Research Discussion Papers 19/2008, Bank of Finland.
- Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December.
- Gustavo Crespi & Galileo Solís & Ezequiel Tacsir, 2011. "Evaluación del impacto de corto plazo de SENACYT en la innovación de las empresas panameñas," IDB Publications 38218, Inter-American Development Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ad Notten).
If references are entirely missing, you can add them using this form.