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Contemporary Innovation Policy and Instruments: Challenges and Implications

  • Anna J. Wieczorek

    ()

  • Marko P. Hekkert

    ()

  • Ruud E.H.M. Smits

    ()

Registered author(s):

    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.

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    File URL: http://www.geo.uu.nl/isu/pdf/isu0912.pdf
    File Function: Version July 2009
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    Paper provided by Utrecht University, Department of Innovation Studies in its series Innovation Studies Utrecht (ISU) working paper series with number 09-12.

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    Date of creation: Jul 2009
    Date of revision: Jul 2009
    Handle: RePEc:uis:wpaper:0912
    Contact details of provider: Web page: http://www.uu.nl/faculty/geosciences/EN/research/institutesandgroups/researchinstitutes/copernicusinstitute/research/Innovation/Pages/default.aspx

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    10. Laranja, Manuel & Uyarra, Elvira & Flanagan, Kieron, 2008. "Policies for science, technology and innovation: Translating rationales into regional policies in a multi-level setting," Research Policy, Elsevier, vol. 37(5), pages 823-835, June.
    11. Metcalfe, J S, 1995. "Technology Systems and Technology Policy in an Evolutionary Framework," Cambridge Journal of Economics, Oxford University Press, vol. 19(1), pages 25-46, February.
    12. Mytelka, Lynn K. & Smith, Keith, 2002. "Policy learning and innovation theory: an interactive and co-evolving process," Research Policy, Elsevier, vol. 31(8-9), pages 1467-1479, December.
    13. Kuhlmann, Stefan, 2001. "Future governance of innovation policy in Europe -- three scenarios," Research Policy, Elsevier, vol. 30(6), pages 953-976, June.
    14. John Hagedoorn & Rajneesh Narula, . "Innovating through strategic alliances: moving towards international partnerships and contractual agreements," STEP Report series 199805, The STEP Group, Studies in technology, innovation and economic policy.
    15. Bengt-ake Lundvall & Bjorn Johnson, 1994. "The Learning Economy," Industry and Innovation, Taylor & Francis Journals, vol. 1(2), pages 23-42.
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    17. Chaminade, Cristina & Edquist, Charles, 2006. "Rationales for public policy intervention from a systems of innovation approach: the case of VINNOVA," Papers in Innovation Studies 2006/4, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
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