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New Rationales for Innovation Policy? A Comparison of the Systems of Innovation Policy Approach and the Neoclassical Perspective

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  • Alexandra Schröter

    ()
    (Friedrich Schiller University Jena, Faculty of Economics and Business Administration)

Abstract

Ever since its introduction in the 1990s, the systems of innovations (SI) concept has received a great deal of attention from researchers and politicians. The systems of innovation policy (SIP) approach, which is based on the SI concept, is considered an alternative to neoclassical theory. Its goal is to provide new rationales and criteria for innovation policy, as well as concrete implications and guidelines for policymakers, that are more appropriate for innovation processes in comparison to the rationales and criteria of standard economic theory. The aim of this paper is to critically investigate to what extent the SIP approach provides additional rationales for public intervention in innovation processes compared to neoclassical theory.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-033.

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Date of creation: 11 May 2009
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Handle: RePEc:jrp:jrpwrp:2009-033

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Keywords: Innovation; innovation systems; innovation policy;

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