Rationales and Instruments for Public Innovation Policies

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Rationales and Instruments for Public Innovation Policies

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Tuomas Takalo

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Tuomas Takalo

Abstract

Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from well-known inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This report reviews the economic justifications for public innovation policies and compares the existing policy tools, paying particular attention to the Finnish innovation policy environment.

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Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1185.

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Length: 24 pages
Date of creation: 11 May 2009
Date of revision:
Handle: RePEc:rif:dpaper:1185

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This paper has been announced in the following NEP Reports:

NEP-ALL-2009-05-23 (All new papers)
NEP-INO-2009-05-23 (Innovation)
NEP-MIC-2009-05-23 (Microeconomics)

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