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Industrial policy from a systems-of-innovation perspective

Author

Listed:
  • Edquist, Charles

    (CIRCLE at Lund University)

  • Chaminade, Cristina

    (CIRCLE)

Abstract

This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by briefly reviewing the emergence, development, and diffusion of this approach and, then, spells out the constituents, activities, and boundaries of the SI approach. On this basis, the paper discusses the reasons for public policy intervention in the innovation process and the division of labour between private and public actors in carrying out SI activities. In this context, the paper argues that the notion of optimality is irrelevant in an innovation system context and it discusses the importance of uncertainty for innovation policy and the inevitable selectivity of such policy. A brief survey of the strengths and weaknesses of the SI approach rounds off the paper and points to avenues for future research.

Suggested Citation

  • Edquist, Charles & Chaminade, Cristina, 2009. "Industrial policy from a systems-of-innovation perspective," EIB Papers 5/2006, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2006_005
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    Citations

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    Cited by:

    1. Andrea Morrison & Roberta Rabellotti, 2006. "The Role of Research in Wine: the Emergence of a Regional Research Area in an Italian Wine Production System," ERSA conference papers ersa06p199, European Regional Science Association.
    2. 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.
    3. Yoguel, Gabriel & Pereira, Mariano, 2014. "Industrial and technological policy: Contributions from evolutionary perspectives to policy design in developing countries," MPRA Paper 56290, University Library of Munich, Germany.
    4. Mafini Dosso, 2014. "Restructuring in France's innovation system: from the mission-oriented model to a systemic approach of innovation," LEM Papers Series 2014/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Chaminade, Cristina & Vang, Jan, 2008. "Globalisation of knowledge production and regional innovation policy: Supporting specialized hubs in the Bangalore software industry," Research Policy, Elsevier, vol. 37(10), pages 1684-1696, December.

    More about this item

    Keywords

    systems of innovation; innovation policy; industrial policy;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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