Rationales and Instruments for Public Innovation Policies

Tuomas Takalo

No 1185, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: ABSTRACT : Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from well-known inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This report reviews the economic justifications for public innovation policies and compares the existing policy tools, paying particular attention to the Finnish innovation policy environment.

New Economics Papers: this item is included in nep-ino and nep-mic
Date: 2009-05-11
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