IDEAS home Printed from https://ideas.repec.org/p/hhs/lucirc/2014_021.html
   My bibliography  Save this paper

Innovation Policy for Knowledge Production and R&D: the Investment Portfolio Approach

Author

Listed:
  • Borrás , Susana

    () (Department of Business and Politics, Copenhagen Business School, and CIRCLE, Lund University)

  • Edquist , Charles

    () (CIRCLE, Lund University)

Abstract

Who produces scientific and technical knowledge these days? What type of knowledge is being produced and for what purposes? Why are firms and governments funding research and development? This chapter studies the role of knowledge production (especially R&D activities) in the innovation process from an innovation system perspective. It examines how governments and public agencies in different countries and at different times have actually approached the issue of building, maintaining and using knowledge production in their innovation systems. It also examines the critical and most important issues at stake from the point of view of innovation policy, looking in particular at the unresolved tensions and systemic unbalances related to knowledge production and last but not least, it elaborates a set of overall criteria for the selection and design of relevant policy instruments and addresses those tensions and unbalances. This chapter suggests that innovation policy develops a portfolio approach to the public investment in R&D and knowledge production.

Suggested Citation

  • Borrás , Susana & Edquist , Charles, 2014. "Innovation Policy for Knowledge Production and R&D: the Investment Portfolio Approach," Papers in Innovation Studies 2014/21, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  • Handle: RePEc:hhs:lucirc:2014_021
    as

    Download full text from publisher

    File URL: http://wp.circle.lu.se/upload/CIRCLE/workingpapers/201421_Borras_Edquist.pdf
    Download Restriction: no

    Citations

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


    Cited by:

    1. Edquist, Charles, 2016. "The Swedish National Innovation Council: Innovation policy governance to replace linearity with holism," Papers in Innovation Studies 2016/24, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.

    More about this item

    Keywords

    Innovation system; innovation policy; knowledge production; R&D; universities; innovation policy instruments;

    JEL classification:

    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:hhs:lucirc:2014_021. 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: (Torben Schubert). General contact details of provider: http://edirc.repec.org/data/circlse.html .

    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.