Contemporary Innovation Policy and Instruments: Challenges and Implications
AbstractIn this paper we review major theoretical (neoclassical economics, evolutionary, systemic and knowledge-based) insights about innovation and we analyse their implications for the characteristics of contemporary innovation policy and instruments. We show that the perspectives complement each other but altogether reveal the need to redefine the current general philosophy as well as the modes of operationalisation of contemporary innovation policy. We argue that systemic instruments ensuring proper organisation of innovation systems give a promise of increased rates and desired (more sustainable) direction of innovation.
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Bibliographic InfoPaper provided by Utrecht University, Department of Innovation Studies in its series Innovation Studies Utrecht (ISU) working paper series with number 09-12.
Date of creation: Jul 2009
Date of revision: Jul 2009
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Web page: http://www.uu.nl/faculty/geosciences/EN/research/institutesandgroups/researchinstitutes/copernicusinstitute/research/Innovation/Pages/default.aspx
systemic instruments; innovation policy; innovation theory; policy mix; innovation system; sustainability;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-08-02 (All new papers)
- NEP-COM-2009-08-02 (Industrial Competition)
- NEP-CSE-2009-08-02 (Economics of Strategic Management)
- NEP-ENV-2009-08-02 (Environmental Economics)
- NEP-INO-2009-08-02 (Innovation)
- NEP-KNM-2009-08-02 (Knowledge Management & Knowledge Economy)
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