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Innovation Policy Instruments

Author

Listed:
  • Johansson, Börje

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Karlsson, Charlie

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Backman, Mikaela

    (JIBS)

Abstract

The Lisbon Agenda that was launched in 2000, and had a set time-period of ten years. The purpose of the Lisbon Agenda was to make the EU the most competitive, knowledge-based economy in the world, and at the same time preserving, or even improving social cohesion and maintain environmental sustainability. The Lisbon Agenda had a large number of goals, in both quantified and qualified measures, in different areas. The main instrument that was put forward was the open method of co-ordination (OMC) that includes indicators, benchmarking, peer pressure, and best practise demonstrations. The forthcoming Lisbon Agenda will certainly need new approaches, and new instruments. One of the areas of instruments that can be further explored is innovation policies where the use of R&D and human capital is enhanced. Human capital is a natural part of a knowledge-based economy, and has positive impacts on growth, and jobs in the economy. Innovation policy instruments are diversified and are integrated in many areas of an economy and on many levels, which make them ideal for the next Lisbon Agenda. The instruments can have a general or specific characteristics and some span over the two characteristics.

Suggested Citation

  • Johansson, Börje & Karlsson, Charlie & Backman, Mikaela, 2007. "Innovation Policy Instruments," Working Paper Series in Economics and Institutions of Innovation 105, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  • Handle: RePEc:hhs:cesisp:0105
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    Citations

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    Cited by:

    1. Lykke Margot Ricard, 2016. "Aligning innovation with grand societal challenges: Inside the European Technology Platforms in wind, and carbon capture and storage," Science and Public Policy, Oxford University Press, vol. 43(2), pages 169-183.
    2. Bernd Ebersberger, 2011. "Public funding for innovation and the exit of firms," Journal of Evolutionary Economics, Springer, vol. 21(3), pages 519-543, August.
    3. Ben R. Martin, 2015. "R&D Policy Instruments: A Critical Review of What We Do & Don't Know," Working Papers wp476, Centre for Business Research, University of Cambridge.
    4. B. Robert, 2008. "Innovation and entrepreneurship: structural determinants of competitiveness," Economic Review, National Bank of Belgium, issue iv, pages 61-83, December.

    More about this item

    Keywords

    Lisbon Agenda; innovation policy instruments; beyond Lisbon 2010;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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