Innovation policy: what, why, and how

Jakob Edler and Jan Fagerberg

Oxford Review of Economic Policy, 2017, vol. 33, issue 1, 2-23

Abstract: During the last two to three decades policy-makers have increasingly became concerned about the role of innovation for economic performance and, more recently, for the solution of challenges that arise (such as the climate challenge). The view that policy may have a role in supporting innovation has become widespread, and the term innovation policy has become commonly used. This paper takes stock of this rapidly growing area of public policy, with particular focus on the definition of innovation policy (what it is); theoretical rationales (why innovation policy is needed); and how innovation policy is designed, implemented, and governed.

Keywords: innovation; innovation system; innovation policy (search for similar items in EconPapers)
JEL-codes: O32 O38 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (144)

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Working Paper: Innovation Policy: What, Why & How (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:33:y:2017:i:1:p:2-23.

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