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Industrial policy from a systems-of-innovation perspective

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Author Info

  • Edquist, Charles

    (CIRCLE at Lund University)

  • Chaminade, Cristina

    (CIRCLE)

Abstract

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by briefly reviewing the emergence, development, and diffusion of this approach and, then, spells out the constituents, activities, and boundaries of the SI approach. On this basis, the paper discusses the reasons for public policy intervention in the innovation process and the division of labour between private and public actors in carrying out SI activities. In this context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the importance of uncertainty for innovation policy and the inevitable selectivity of such policy. A brief survey of the strengths and weaknesses of the SI approach rounds off the paper and points to avenues for future research.

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Bibliographic Info

Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 5/2006.

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Length: 25 pages
Date of creation: 07 Apr 2009
Date of revision:
Handle: RePEc:ris:eibpap:2006_005

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Related research

Keywords: systems of innovation; innovation policy; industrial policy;

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Cited by:
  1. Edquist, Charles, 2008. "Design of Innovation Policy through Diagnostic Analysis: Identification of Systemic Problems (or Failures)," CIRCLE Electronic Working Papers, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy 2008/6, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  2. Andrea Morrison & Roberta Rabellotti, 2007. "The Role of Research in Wine: the Emergence of a Regional Research Area in an Italian Wine Production System," Working Papers, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont 114, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
  3. Mafini Dosso, 2014. "Restructuring in France's innovation system: from the mission-oriented model to a systemic approach of innovation," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy 2014/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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