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Contemporary Innovation Policy and Instruments: Challenges and Implications

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  • Anna J. Wieczorek

    ()

  • Marko P. Hekkert

    ()

  • Ruud E.H.M. Smits

    ()

Abstract

In this paper we review major theoretical (neoclassical economics, evolutionary, systemic and knowledge-based) insights about innovation and we analyse their implications for the characteristics of contemporary innovation policy and instruments. We show that the perspectives complement each other but altogether reveal the need to redefine the current general philosophy as well as the modes of operationalisation of contemporary innovation policy. We argue that systemic instruments ensuring proper organisation of innovation systems give a promise of increased rates and desired (more sustainable) direction of innovation.

Suggested Citation

  • Anna J. Wieczorek & Marko P. Hekkert & Ruud E.H.M. Smits, 2009. "Contemporary Innovation Policy and Instruments: Challenges and Implications," Innovation Studies Utrecht (ISU) working paper series 09-12, Utrecht University, Department of Innovation Studies, revised Jul 2009.
  • Handle: RePEc:uis:wpaper:0912
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    File URL: http://www.geo.uu.nl/isu/pdf/isu0912.pdf
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    References listed on IDEAS

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    Cited by:

    1. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2010. "The ‘policy mix’ for innovation: rethinking innovation policy in a multi-level, multi-actor context," MPRA Paper 23567, University Library of Munich, Germany.
    2. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2011. "Reconceptualising the 'policy mix' for innovation," Research Policy, Elsevier, vol. 40(5), pages 702-713, June.

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    Keywords

    systemic instruments; innovation policy; innovation theory; policy mix; innovation system; sustainability;

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