Entrepreneurship, High-Technology, and Policy Reforms in France

Michel Goyer
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Michel Goyer: Warwick Business School, Coventry. Warwick Business School, Coventry, CV4 7AL. Michel.Goyer@wbs.ac.uk Tel. 44-24-76522130

Journal of Interdisciplinary Economics, 2007, vol. 18, issue 2-3, 225-237

Abstract: This review piece deals with the impact of public policy reforms in the field of high-technology in France since the late 1990s. I investigate whether the series of reforms adopted by policymakers provide the conditions to support the development of entrepreneurship and of high-tech companies. The story of policymaking in high-technology in France is characterized by both successes and shortcomings. I survey evidence to support the argument that French policymakers pursued piecemeal institutional reforms that sought to combine risk-taking without affecting social equality. I argue that the failures in high-tech policies should not be attributed to the piecemeal nature of the reforms – as opposed to those that would have focused on capturing complementarities. A focus on institutional complementarity obscures a fundamental feature of geographical clusters of high-technology firms, namely that institutions are enabling as well as constraining.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:18:y:2007:i:2-3:p:225-237

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