IDEAS home Printed from
   My bibliography  Save this paper

Knowledge, Economic Growth And The Role Of Policy On The Role Of "Public-Private Partnerships" In The New "Knowledge-Driven" Economy


  • Stephanie Blankenburg


The paper examines the economic rationale for "public-private partnerships" to promote technological progress and growth in the new "knowledge-driven" economy. Three main arguments are advanced: First, the present policy agenda is caught up in a mismatch between micro-economic science and technology policies, on the one hand, and macroeconomic growth policies, on the other. While the former rely on an essentially evolutionary understanding of innovative processes which emphasise the need for decentralised public-private co-operation, the latter largely reflect the insights of the New Endogenous Growth Theory (NGT) which, however, advocates a standard market failure approach to economic policy, and innovation policies in particular. Second, the NGT is itself to blame for much of this confusion in that it is unclear with regard to its conceptualisation of knowledge as a factor of production and as a (public-private) good. Third, for "public-private partnerships" to work the underlying policy direction (privatisation or gradual socialisation) needs to be further specified. This, in turn, requires a clarification of whether knowledge is to be understood primarily as a disembodied factor of production or as embodied in the process of capital accumulation.

Suggested Citation

  • Stephanie Blankenburg, 2000. "Knowledge, Economic Growth And The Role Of Policy On The Role Of "Public-Private Partnerships" In The New "Knowledge-Driven" Economy," Working Papers wp185, Centre for Business Research, University of Cambridge.
  • Handle: RePEc:cbr:cbrwps:wp185
    Note: PRO-1

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Cherevykov, Ievgen, 2013. "Institutional environment for public-private partnership in Ukraine:Do institutions really matter?," MPRA Paper 62110, University Library of Munich, Germany.

    More about this item


    Knowledge-based technological progress; new endogenous growth theory; government policies;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbr:cbrwps:wp185. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ruth Newman and Georgie Cohen). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.