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Contemporary Innovation Policy and Instruments: Challenges and Implications

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Author Info
Anna J. Wieczorek ()
Marko P. Hekkert ()
Ruud E.H.M. Smits ()
Abstract

In 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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File URL: http://www.geo.uu.nl/isu/pdf/isu0912.pdf
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Publisher Info
Paper provided by Utrecht University, Department of Innovation Studies in its series Innovation Studies Utrecht (ISU) working paper series with number 09-12.

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Date of creation: Jul 2009
Date of revision: Jul 2009
Handle: RePEc:uis:wpaper:0912

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Related research
Keywords: systemic instruments; innovation policy; innovation theory; policy mix; innovation system; sustainability;

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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. Kuhlmann, Stefan, 2001. "Future governance of innovation policy in Europe -- three scenarios," Research Policy, Elsevier, vol. 30(6), pages 953-976, June. [Downloadable!] (restricted)
  2. Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February. [Downloadable!] (restricted)
  3. Keith Smith, . "New directions in research and technology policy: Identifying the key issues," STEP Report series 199401, The STEP Group, Studies in technology, innovation and economic policy. [Downloadable!]
  4. Mytelka, Lynn K. & Smith, Keith, 2002. "Policy learning and innovation theory: an interactive and co-evolving process," Research Policy, Elsevier, vol. 31(8-9), pages 1467-1479, December. [Downloadable!] (restricted)
  5. Abernathy, William J. & Clark, Kim B., 1985. "Innovation: Mapping the winds of creative destruction," Research Policy, Elsevier, vol. 14(1), pages 3-22, February. [Downloadable!] (restricted)
  6. Jacobsson, Staffan & Johnson, Anna, 2000. "The diffusion of renewable energy technology: an analytical framework and key issues for research," Energy Policy, Elsevier, vol. 28(9), pages 625-640, July. [Downloadable!] (restricted)
  7. Nelson, Richard R. & Winter, Sidney G., 1977. "In search of useful theory of innovation," Research Policy, Elsevier, vol. 6(1), pages 36-76, January. [Downloadable!] (restricted)
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  8. Metcalfe, J S, 1995. "Technology Systems and Technology Policy in an Evolutionary Framework," Cambridge Journal of Economics, Oxford University Press, vol. 19(1), pages 25-46, February.
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