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

Paul David and Philippe Aghion

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reflects on the relevance of "systems-theoretic" approaches to theinterdependent 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 redily visible when one tries to connect systems-relevant research with practical policy-making in this field.

Keywords: science and technology policy; innovation policy; R&D subsidies; IPR; systems research; economic growth theory; complementarities; positive feedbacks; complexity; market failurees; policy implementation failures (search for similar items in EconPapers)
JEL-codes: D50 O1 (search for similar items in EconPapers)
Date: 2008-10
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-pr~, nep-knm and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Science, technology and innovation for economic growth: Linking policy research and practice in 'STIG Systems' (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12096

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