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Science, Technology and Innovation for Economic Growth: Towards Linking Policy Research and Practice in 'STIG Systems'

Author

Listed:
  • Philippe Aghion

    (Department of Economics, Harvard University)

  • Paul A. David

    () (Department of Economics, Stanford University)

  • Dominique Foray

    (College of Management of Technology, Ecole Polytechnique Fédérale de Lausanne)

Abstract

This paper reflects on the relevance of “systems-theoretic” approaches to the interdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth. Considering the approach that characterizes much of the current economics literature’s 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 examine their respective virtues and limitations. Both qualities are readily visible when one tries to connect systems-relevant research with practical policy-making in this field.

Suggested Citation

  • Philippe Aghion & Paul A. David & Dominique Foray, 2007. "Science, Technology and Innovation for Economic Growth: Towards Linking Policy Research and Practice in 'STIG Systems'," Discussion Papers 06-039, Stanford Institute for Economic Policy Research, revised Oct 2008.
    • Handle: RePEc:sip:dpaper:06-039
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    File URL: http://www-siepr.stanford.edu/repec/sip/06-039.pdf
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    3. Blumenthal, Marjory S, 1998. "Federal Government Initiatives and the Foundations of the Information Technology Revolution: Lessons from History," American Economic Review, American Economic Association, vol. 88(2), pages 34-39, May.
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    5. 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.
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    Cited by:

    1. repec:spr:scient:v:100:y:2014:i:2:d:10.1007_s11192-014-1236-4 is not listed on IDEAS
    2. Olga B. Koshovets & Igor E. Frolov, 2015. "Impact Investing As A "Basic Innovation" For The Global Economy And Finance System Post-Crisis Transformation," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 9(1), pages 769-780.

    More about this item

    Keywords

    economic growth; innovation; science; technology;

    JEL classification:

    • 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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