New Rationales for Innovation Policy? A Comparison of the Systems of Innovation Policy Approach and the Neoclassical Perspective
AbstractEver 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 InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-033.
Date of creation: 11 May 2009
Date of revision:
Innovation; innovation systems; innovation policy;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- P00 - Economic Systems - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-23 (All new papers)
- NEP-HPE-2009-05-23 (History & Philosophy of Economics)
- NEP-INO-2009-05-23 (Innovation)
- NEP-KNM-2009-05-23 (Knowledge Management & Knowledge Economy)
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