Risks of policy failure in direct R&D support

Mercedes Bleda and Seweryn Krupnik

Technological Forecasting and Social Change, 2024, vol. 209, issue C

Abstract: In current socio-economic contexts characterised by high levels of uncertainty, the role of R&D policies to foster innovation becomes crucial. However, increased uncertainty exacerbates the risk of policy failure leading to ineffective R&D support. Despite this, R&D policy failure risk is rarely discussed in the literature. While innovation research acknowledges the existence of policy failure risks, their nature and the appropriate ways to address them are not analysed in an integrated manner. Drawing upon risk and risk governance concepts and public policy research, we present a conceptual framework for the analysis of R&D policy failure risks and their governance.

Keywords: R&D policy; Risk of policy failure; Risk governance; Policy learning (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:209:y:2024:i:c:s0040162524004529

DOI: 10.1016/j.techfore.2024.123654

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