Contemporary Innovation Policy and Instruments: Challenges and Implications

Anna Wieczorek (), Marko Hekkert () and Ruud Smits ()

No 09-12, Innovation Studies Utrecht (ISU) working paper series from Utrecht University, Department of Innovation Studies

Abstract: In this paper we review major theoretical (neoclassical economics, evolutionary, systemic and knowledge-based) insights about innovation and we analyse their implications for the characteristics of contemporary innovation policy and instruments. We show that the perspectives complement each other but altogether reveal the need to redefine the current general philosophy as well as the modes of operationalisation of contemporary innovation policy. We argue that systemic instruments ensuring proper organisation of innovation systems give a promise of increased rates and desired (more sustainable) direction of innovation.

Keywords: systemic instruments; innovation policy; innovation theory; policy mix; innovation system; sustainability (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-cse, nep-env, nep-ino and nep-knm
Date: 2009-07, Revised 2009-07
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Persistent link: http://EconPapers.repec.org/RePEc:uis:wpaper:0912

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