Rationales for public policy intervention from a systems of innovation approach: the case of VINNOVA

Cristina Chaminade and Charles Edquist ()

No 2006-04, CIRCLE Electronic Working Paper Series from CIRCLE (Centre for Innovation, Research and Competence in the Learning Economy), Lund University

Abstract: This paper discusses the implications of the adoption of the National Innovation Systems approach for innovation policy. It starts by positioning the systemic approach against other theoretical approaches, such as neoclassical theories. The authors argue that the adoption of one or the other frameworks leads to different criteria for intervention. The main rationales for public intervention under each approach are then discussed. We make a distinction between classic market failures (grounded in neoclassical theory) and systemic problems - often called systemic failures - (grounded in the evolutionary/systemic approaches). On the basis of this, the authors will discuss other important issues to be considered when discussing public policy intervention under a system of innovation.

JEL-codes: O31 O32 O33 O34 O38 N5 O47 R58 (search for similar items in EconPapers)
Date: 2006
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Persistent link: http://EconPapers.repec.org/RePEc:cil:wpaper:16

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