Technology Policy: Determining Effects of Incentives for Industry Competitiveness Using System Dynamics

Martin Kaggwa, Jasper L. Steyn and Anastassios Pouris

Chapter 1 in Managing Technological Innovation:Tools and Methods, 2017, pp 1-24 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In an effort to support competitiveness in domestic industries, many late developing countries offer incentives based on investment in machinery and tooling, and local R&D. The configuration of the incentives is often based on internalized judgment rather than on formal models, making it difficult to assess such interventions objectively and to improve on them. Formalization of such policy interventions makes explicit the factors underlying performance and can reveal high-leverage policy options available to policy makers to influence performance. This chapter is aimed at showing how formalization of incentives policy for competitiveness can reveal insights useful in understanding performance of the target industry and how it can guide subsequent improvement of such policy interventions. This was done using the case of South Africa’s automotive industry.

Keywords: Technology Management; Innovation; R&D Management (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2017
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