A Public Choice Perspective on Mission-Oriented Innovation Policies and the Behavior of Government Agencies

Rickard Björnemalm, Christian Sandström () and Nelly Åkesson ()
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Rickard Björnemalm: Stockholm School of Economics
Christian Sandström: Jönköping International Business School
Nelly Åkesson: Lund University

A chapter in Moonshots and the New Industrial Policy, 2024, pp 213-234 from Springer

Abstract: Abstract Mission-oriented innovation policies put government and state agencies at the forefront of the innovation process. Currently, little is known about the interests of the government agencies in charge of implementing mission-oriented innovation policies. In this chapter, we set out to explore the incentives and behavior of such government agencies. We do so by analyzing 33 annual reports from three government agencies in charge of implementing innovation policies in Sweden over a 10-year period: Sweden’s Innovation Agency (Vinnova), the Swedish Energy Agency (Energimyndigheten), and the Swedish Agency for Regional and Economic Growth (Tillväxtverket). First, we track all cases in these annual reports where an evaluation is mentioned. Identifying 654 instances, we subsequently make a sentiment analysis and code whether these statements are positive, neutral, or negative. Our findings show that 84% of these instances are positive, 12% are neutral, and 4% are negative. Second, we relate these results to more critical evaluations and show that these agencies often ignore research that generates more critical results. In sum, our results suggest that government agencies in charge of implementing mission-oriented policies benefit from the enlarged role they are given and that they act according to their own self-interest.

Keywords: Innovation; Government agencies; Public choice; Self-interest; O25; O31; O38; O44; Q42; Q55 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-3-031-49196-2_12

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DOI: 10.1007/978-3-031-49196-2_12

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