An Innovation Policy Framework: Bridging the Gap Between Industrial Dynamics and Growth

Pontus Braunerhjelm and Magnus Henrekson ()

Chapter Chapter 4 in Essays in Public Sector Entrepreneurship, 2016, pp 95-130 from Springer

Abstract: Abstract Innovation is increasingly considered the key to elevating prosperity and securing sustainable long-term growth. The few last decades have also witnessed a refinement of previous growth models to include investments in education by individuals and R&D by firms. Better educated individuals and increased expenditure on R&D are shown to result in increased innovation and accelerated growth in endogenous growth models. This finding has spurred policy makers, most recently the OECD, the EU commission, and other organizations, to design innovation strategies to meet future growth and welfare challenges. Such strategies have also trickled down to the country level.

Keywords: Entrepreneurial Activity; Private Equity; Capital Gain; Stock Option; Labor Mobility (search for similar items in EconPapers)
Date: 2016
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Working Paper: An Innovation Policy Framework: Bridging the gap between industrial dynamics and growth (2015)
Working Paper: An Innovation Policy Framework: Bridging the Gap between Industrial Dynamics and Growth (2015)
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DOI: 10.1007/978-3-319-26677-0_4

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