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Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design

Author

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  • Borrás , Susana

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

  • Edquist , Charles

    () (CIRCLE, Lund University, Sweden (Holder of the Ruben Rausing Chair in Innovation Research))

Abstract

Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.

Suggested Citation

  • Borrás , Susana & Edquist , Charles, 2014. "Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design," Papers in Innovation Studies 2014/29, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  • Handle: RePEc:hhs:lucirc:2014_029
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    File URL: http://wp.circle.lu.se/upload/CIRCLE/workingpapers/201429_Borras_Edquist.pdf
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    References listed on IDEAS

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    1. Geuna, Aldo & Rossi, Federica, 2011. "Changes to university IPR regulations in Europe and the impact on academic patenting," Research Policy, Elsevier, vol. 40(8), pages 1068-1076, October.
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    1. repec:eee:tefoso:v:122:y:2017:i:c:p:262-274 is not listed on IDEAS

    More about this item

    Keywords

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

    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

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