Public policy and national innovation system failures

O. Golichenko ()

Voprosy Ekonomiki, 2017, issue 2

Abstract: In the study, the general dimensions of public policy in national innovation systems are associated with the factors of its failures. The perspectives of policy facilitating the shape of actors’ motivation are analyzed in detail. The paper studies the problems of technology spillover regulation and of keeping a balance between innovation risk compensation and making actors willing to take innovation risks. The paper also considers the structural factor related to the peculiarity of innovation activity on various mesolevels of the system and to information asymmetries. The opportunities of the structural factor to enhance innovation performance are investigated.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2017:id:279

DOI: 10.32609/0042-8736-2017-2-97-108

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