INNOVATION POLICY INSTRUMENTS

Börje Johansson, Charlie Karlsson () and Mikaela Backman

No 105, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: The Lisbon Agenda that was launched in 2000, and had a set time-period of ten years. The purpose of the Lisbon Agenda was to make the EU the most competitive, knowledge-based economy in the world, and at the same time preserving, or even improving social cohesion and maintain environmental sustainability. The Lisbon Agenda had a large number of goals, in both quantified and qualified measures, in different areas. The main instrument that was put forward was the open method of co-ordination (OMC) that includes indicators, benchmarking, peer pressure, and best practise demonstrations. The forthcoming Lisbon Agenda will certainly need new approaches, and new instruments. One of the areas of instruments that can be further explored is innovation policies where the use of R&D and human capital is enhanced. Human capital is a natural part of a knowledge-based economy, and has positive impacts on growth, and jobs in the economy. Innovation policy instruments are diversified and are integrated in many areas of an economy and on many levels, which make them ideal for the next Lisbon Agenda. The instruments can have a general or specific characteristics and some span over the two characteristics.

Keywords: Lisbon Agenda; innovation policy instruments; beyond Lisbon 2010 (search for similar items in EconPapers)
JEL-codes: F00 N24 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2007-12-11
New Economics Papers: this item is included in nep-knm
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Citations: View citations in EconPapers (4)

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