On sector-non-neutral innovation policy: towards new design principles

Dominique Foray ()
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Dominique Foray: Institute of Technology and Public Policy, College of Management, EPFL

Journal of Evolutionary Economics, 2019, vol. 29, issue 5, No 2, 1379-1397

Abstract: Abstract The paper addresses the shift from a moderate innovation policy to a more radical one, aimed at radical transformations of existing structures, such as accelerating innovation to address grand societal challenges or to modernize a traditional sector. In this paper, we propose an analytical framework based on the identification of three constitutive rationales of policy intervention in the domain of innovation. This approach introduces the distinction between moderate and stronger modes of intervention. Stronger modes are characterised by a higher degree of intentionality, centralization and focus. The last part of the paper is devoted to certain principles of policy design under which the risks of such a shift can be minimized and positive effects can be maximized.

Keywords: Innovation policy; Non-neutral policy; Eclectic approach; Policy design (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/s00191-018-0599-8

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