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Linking Policy Research and Practice in 'STIG Systems': Many Obstacles, but Some Ways Forward

Author

Listed:
  • Philippe Aghion

    (Harvard University Department of Economics)

  • Paul David

    () (Economics Department, Stanford University)

  • Dominique Foray

    (Chaire en Economie et Management de l'Innovation (CEMI))

Abstract

This paper reflects on the relevance of systems thinking about the interdependent policy issues bearing on the dynamics of science, technology and innovation in their relationship to economic growth. Considering the approach that characterizes much of the current economics literatures treatment of technology and growth policies, we pose the critical question: what kind of systems paradigm is likely to prove particularly fruitful in that particular problem-domain: Evolutionary, neo-Schumpeterian, and complex system dynamics approaches are conceptually attractive and we analyze their respective virtues while also acknowledging their more serious problematic features. Those become visible quickly when trying connect systems-relevant research with practical policy-making in this field. Not content to have simply identified some significant obstructions in the path toward that goal, the paper also suggests some potentially feasible ways forward.

Suggested Citation

  • Philippe Aghion & Paul David & Dominique Foray, 2006. "Linking Policy Research and Practice in 'STIG Systems': Many Obstacles, but Some Ways Forward," Discussion Papers 06-009, Stanford Institute for Economic Policy Research.
  • Handle: RePEc:sip:dpaper:06-009
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    File URL: http://www-siepr.stanford.edu/repec/sip/06-009.pdf
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    References listed on IDEAS

    as
    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    2. Tor Jakob Klette & Jarle Møen, 1999. "From Growth Theory to Technology Policy - Coordination Problems in Theory and Practice," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 25, pages 53-74.
    3. Paul M. Romer, 2001. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Chapters,in: Innovation Policy and the Economy, Volume 1, pages 221-252 National Bureau of Economic Research, Inc.
    4. Paul A. David & Dominique Foray, "undated". "Economic Fundamentals of the Knowledge Society," Working Papers 02003, Stanford University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Techonological Change; systems paradigm; STIG systems;

    JEL classification:

    • 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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