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Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in "STIG Systems"

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Author Info
David, Paul
Aghion, Philippe

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Abstract

This paper reflects on the relevance of "systems-theoretic" approaches to theinterdependent policy issues relating to the dynamics of science, technology and innovation and 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 and limitations. Both qualities are redily visible when one tries to connect systems-relevant research with practical policy-making in this field.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12096.

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Date of creation: Oct 2008
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Handle: RePEc:pra:mprapa:12096

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Related research
Keywords: science and technology policy; innovation policy; R&D subsidies; IPR; systems research; economic growth theory; complementarities; positive feedbacks; complexity; market failurees; policy implementation failures;

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Find related papers by JEL classification:
O1 - Economic Development, Technological Change, and Growth - - Economic Development
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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References listed on IDEAS
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.:
  1. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January. [Downloadable!] (restricted)
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  2. Paul A. David, 2005. "The Economic Logic of “Open Science” and the Balance between Private Property Rights and the Public Domain in Scientific Data and," Development and Comp Systems 0502006, EconWPA. [Downloadable!]
  3. Blumenthal, Marjory S, 1998. "Federal Government Initiatives and the Foundations of the Information Technology Revolution: Lessons from History," American Economic Review, American Economic Association, vol. 88(2), pages 34-39, May. [Downloadable!] (restricted)
  4. Franco Malerba & Richard Nelson & Luigi Orsenigo & Sidney Winter, 2006. "Vertical Integration and Dis-integration of Computer Firms: A History Friendly Model of the Co-evolution of the Computer and Semiconductor Industries," Papers on Economics and Evolution 2006-19, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
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  5. Paul A. David, 2007. "Path dependence: a foundational concept for historical social science," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 1(2), pages 91-114, July. [Downloadable!]
  6. Paul A. David & Gavin Wright, 1999. "General Purpose Technologies and Surges in Productivity: Historical Reflections on the Future of the ICT Revolution," Oxford University Economic and Social History Series _031, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
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  7. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc. [Downloadable!]
  8. Nickell, Stephen J, 1996. "Competition and Corporate Performance," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-46, August. [Downloadable!] (restricted)
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  9. Paul David & Edward Steinmueller, 2003. "Introduction," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 12(1), pages 1-3, January. [Downloadable!] (restricted)
  10. 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-.
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  11. Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. David, Paul A., 1994. "Why are institutions the 'carriers of history'?: Path dependence and the evolution of conventions, organizations and institutions," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 205-220, December. [Downloadable!] (restricted)
  13. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis. [Downloadable!]
  14. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297. [Downloadable!] (restricted)
  15. Paul M. Romer, 2000. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Working Papers 7723, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  1. Antonelli Cristiano & Ferraris Gianluigi, 2009. "Innovation as an emerging system property : an agent based model," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200911, University of Turin. [Downloadable!]
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