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Political aspects of innovation

  • Courvisanos, Jerry
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    "Political aspects" that enhance, but also undermine, the positive transformational power of public innovation policies are examined. As such, this paper follows Michal Kalecki in his 1943 paper that identifies the "political aspects" which enhance and undermine the positive transformational power of Keynesian full employment policies. Similarly, this paper provides a policy framework that identifies what government and business support as innovation policies. The role of innovation stems from Schumpeter's long-run perspective, but incorporates the more dynamic cyclical short-term and trend perspectives of Kalecki. This paper critiques the strategy of public innovation policy in general and derives policy implications.

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    File URL: http://www.sciencedirect.com/science/article/B6V77-4W8KHJ1-1/2/53afadb6936434ab82a499535d4b379e
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    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 38 (2009)
    Issue (Month): 7 (September)
    Pages: 1117-1124

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    Handle: RePEc:eee:respol:v:38:y:2009:i:7:p:1117-1124
    Contact details of provider: Web page: http://www.elsevier.com/locate/respol

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    13. Douglas Mair & Anthony Laramie, 2002. "Full Employment: Gift Horse or Trojan Horse?," Review of Social Economy, Taylor & Francis Journals, vol. 60(4), pages 567-593.
    14. Steindl, Josef, 1979. "Stagnation Theory and Stagnation Policy," Cambridge Journal of Economics, Oxford University Press, vol. 3(1), pages 1-14, March.
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    16. Kleinknecht, Alfred & Verspagen, Bart, 1990. "Demand and innovation: Schmookler re-examined," Research Policy, Elsevier, vol. 19(4), pages 387-394, August.
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