R&D policy instruments -- a critical review of what we do and don’t know

Ben Martin

Industry and Innovation, 2016, vol. 23, issue 2, 157-176

Abstract: In recent years, the term “policy instrument” has been used frequently with regard to R&D policy and innovation policy. This article examines the development of the term as part of a body of research known as “policy design”. Over the last 50 years, there has been substantial progress in setting policy design on a more systematic basis, with the development of established concepts and analytical frameworks, including various taxonomies of policy instruments. However, with just a few exceptions, this body of research seems to have had little impact in the world of R&D policy. The paper reviews the literature on R&D policy instruments, identifies a number of challenges for R&D policy instruments in the light of four transitions and sets out a research agenda for the study of R&D policy instruments, before ending with a number of conclusions.

Date: 2016
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Citations: View citations in EconPapers (40)

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DOI: 10.1080/13662716.2016.1146125

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