Rationales and Instruments for Public Innovation Policies

Tuomas Takalo

Journal of Reviews on Global Economics, 2012, vol. 1, 157-167

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

Keywords: Innovation policies; innovation; R&D; incentives; market failures (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (12)

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Working Paper: Rationales and Instruments for Public Innovation Policies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:lif:jrgelg:v:1:y:2012:p:157-167

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