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Policy Responses to the Economic Crisis: Investing in Innovation for Long-Term Growth

Author

Listed:
  • Dominique Guellec

    (OECD)

  • Sacha Wunsch-Vincent

    (OECD)

Abstract

The OECD is developing a strategic response to the crisis focusing on two priority areas: finance, competition and governance; and restoring long-term growth. As part of this strategic response, the OECD Directorate for Science, Technology and Industry (DSTI) has analysed the likely impact of the downturn on the drivers of long term economic growth and the innovation-related items in policy responses of major countries. Special workshops and sessions on the economic crisis were held by the Committee for Innovation, Industry and Entrepreneurship, the Committee for Scientific and Technological Policy, and the Committee for Information, Computer and Communications Policy. In January 2009, the OECD Directorate for Science, Technology and Industry circulated a questionnaire to member countries to collect information on specific innovation-related items of their stimulus packages. By May 2009, 27 member countries, all five OECD accession countries (Chile, Estonia, Israel, Russia and Slovenia) and South Africa had answered the questionnaire. In May 2009, the three OECD Committees recommended to make public, under their responsibility, this updated version. This report presents the results of this exercise: the first chapter reports the general analysis of the impact of the crisis and the appropriate policy responses, and the second chapter reviews current national responses.

Suggested Citation

  • Dominique Guellec & Sacha Wunsch-Vincent, 2009. "Policy Responses to the Economic Crisis: Investing in Innovation for Long-Term Growth," OECD Digital Economy Papers 159, OECD Publishing.
  • Handle: RePEc:oec:stiaab:159-en
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    File URL: http://dx.doi.org/10.1787/222138024482
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    Cited by:

    1. Dolores Añón Higón & Miguel Manjón & Juan A. Máñez & Juan A. Sanchis-Llopis, 2014. "Does R&D Protect Smes From The Hardness Of The Cycle? Evidence From Spanish Smes (1990-2009)," Working Papers 1411, Department of Applied Economics II, Universidad de Valencia.
    2. Nina Czernich & Oliver Falck & Tobias Kretschmer & Ludger Wößmann, 2009. "Breitbandinfrastruktur und wissensbasiertes volkswirtschaftliches Wachstum," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(23), pages 29-34, December.
    3. Adelheid Holl & Ruth Rama, 2015. "Economic crisis and innovation: Do regions matter?," ERSA conference papers ersa15p87, European Regional Science Association.
    4. Meesapawong, Pawadee & Rezgui, Yacine & Li, Haijiang, 2014. "Planning innovation orientation in public research and development organizations: Using a combined Delphi and Analytic Hierarchy Process approach," Technological Forecasting and Social Change, Elsevier, vol. 87(C), pages 245-256.
    5. Viktor Prokop & Jan Stejskal, 2015. "Determinants of machinery firms' innovation activity - case study from the Czech Republic," ERSA conference papers ersa15p1111, European Regional Science Association.
    6. Romain Bouis & Ane Kathrine Christensen & Boris Cournède, 2013. "Deleveraging: Challenges, Progress and Policies," OECD Economics Department Working Papers 1077, OECD Publishing.
    7. Hingley, Peter & Park, Walter G., 2017. "Do business cycles affect patenting? Evidence from European Patent Office filings," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 76-86.
    8. Filippetti, Andrea & Archibugi, Daniele, 2010. "Innovation in Times of Crisis: The Uneven Effects of the Economic Downturn across Europe," MPRA Paper 22084, University Library of Munich, Germany.
    9. Hausman, Angela & Johnston, Wesley J., 2014. "The role of innovation in driving the economy: Lessons from the global financial crisis," Journal of Business Research, Elsevier, vol. 67(1), pages 2720-2726.
    10. repec:spr:soinre:v:137:y:2018:i:1:d:10.1007_s11205-017-1584-6 is not listed on IDEAS
    11. Roger Wettenhall, 2011. "Global Financial Crisis: The Australian Experience in International Perspective," Public Organization Review, Springer, vol. 11(1), pages 77-91, March.

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