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Political aspects of innovation

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  • Courvisanos, Jerry

Abstract

"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.

Suggested Citation

  • Courvisanos, Jerry, 2009. "Political aspects of innovation," Research Policy, Elsevier, vol. 38(7), pages 1117-1124, September.
  • Handle: RePEc:eee:respol:v:38:y:2009:i:7:p:1117-1124
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    References listed on IDEAS

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    12. Davis, Steven J & Haltiwanger, John & Schuh, Scott, 1996. "Small Business and Job Creation: Dissecting the Myth and Reassessing the Facts," Small Business Economics, Springer, vol. 8(4), pages 297-315, August.
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    Cited by:

    1. repec:eee:socmed:v:192:y:2017:i:c:p:143-151 is not listed on IDEAS
    2. Effendi, Pranoto & Courvisanos, Jerry, 2012. "Political aspects of innovation: Examining renewable energy in Australia," Renewable Energy, Elsevier, vol. 38(1), pages 245-252.
    3. Allard, Gayle & Martinez, Candace A. & Williams, Christopher, 2012. "Political instability, pro-business market reforms and their impacts on national systems of innovation," Research Policy, Elsevier, vol. 41(3), pages 638-651.
    4. repec:spr:intemj:v:13:y:2017:i:4:d:10.1007_s11365-017-0451-x is not listed on IDEAS
    5. Rinaldo Evangelista, 2015. "Technology, development and economic crisis: the Schumpeterian legacy," Working Papers 23, Birkbeck Centre for Innovation Management Research, revised Jun 2015.
    6. Frank, Alejandro Germán & Cortimiglia, Marcelo Nogueira & Ribeiro, José Luis Duarte & Oliveira, Lindomar Subtil de, 2016. "The effect of innovation activities on innovation outputs in the Brazilian industry: Market-orientation vs. technology-acquisition strategies," Research Policy, Elsevier, vol. 45(3), pages 577-592.
    7. Zhang, Marina Yue, 2016. "Meso-level factors in technological transitions: The development of TD-SCDMA in China," Research Policy, Elsevier, vol. 45(2), pages 546-559.
    8. Jerry Courvisanos, 2012. "Political Economy of Innovation and Sustainable Development," Chapters,in: Crisis, Innovation and Sustainable Development, chapter 8 Edward Elgar Publishing.

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