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The choice of innovation policy instruments

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  • Borrás, Susana
  • Edquist, Charles

Abstract

The purpose of this article is to discuss the different types of instruments of innovation policy, to examine how governments and public agencies in different countries and different times have used these instruments differently, to explore the political nature of instrument choice and design (and associated issues), and to elaborate a set of criteria for the selection and design of the instruments in relation to the formulation of innovation policy. The article argues that innovation policy instruments must be designed and combined into mixes in ways that address the problems of the innovation system. These mixes are often called “policy mix”. The problem-oriented nature of the design of instrument mixes is what makes innovation policy instruments ‘systemic’.

Suggested Citation

  • Borrás, Susana & Edquist, Charles, 2013. "The choice of innovation policy instruments," Technological Forecasting and Social Change, Elsevier, vol. 80(8), pages 1513-1522.
  • Handle: RePEc:eee:tefoso:v:80:y:2013:i:8:p:1513-1522
    DOI: 10.1016/j.techfore.2013.03.002
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    References listed on IDEAS

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    1. Mohnen, Pierre & Roller, Lars-Hendrik, 2005. "Complementarities in innovation policy," European Economic Review, Elsevier, vol. 49(6), pages 1431-1450, August.
    2. Susana Borrás & Dimitrios Tsagdis, 2008. "Cluster Policies in Europe," Books, Edward Elgar Publishing, number 4134.
    3. Stig Slipersæter & Jean Thèves & Barend van der Meulen, 2007. "Comparing the evolution of national research policies: What patterns of change?," Science and Public Policy, Oxford University Press, vol. 34(6), pages 372-388, July.
    4. Charles Edquist, 2011. "Design of innovation policy through diagnostic analysis: identification of systemic problems (or failures)," Industrial and Corporate Change, Oxford University Press, vol. 20(6), pages 1725-1753, December.
    5. Jacint Jordana & David Levi-Faur, 2004. "The Politics of Regulation in the Age of Governance," Chapters,in: The Politics of Regulation, chapter 1 Edward Elgar Publishing.
    6. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2011. "Reconceptualising the 'policy mix' for innovation," Research Policy, Elsevier, vol. 40(5), pages 702-713, June.
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