Linking policy research and practice in ‘STIG Systems’: Many obstacles, but some ways forward

Philippe Aghion (), Paul David and Dominique Foray ()
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Philippe Aghion: Department of Economics, Harvard University
Dominique Foray: Chaire en Economie et Management de l'Innovation, Collège du Management de la Technologie, Ecole Polytechnique Fédérale de Lausanne

CEMI Working Papers from Ecole Polytechnique Fédérale de Lausanne, Collège du Management de la Technologie, Management of Technology and Entrepreneurship Institute, Chaire en Economie et Management de l'Innovation

Abstract: This paper reflects on the relevance of “systems-theoretic” approaches to the interdependent policy issues bearing on the dynamics of science, technology and innovation in their relationship to economic growth. Considering the approach that characterizes much of the current economics literature’s treatment of technology and growth policies, we pose the critical question: what kind of systems paradigm is likely to prove particularly fruitful in that particular problem-domain? Evolutionary, neo-Schumpeterian, and complex system dynamics approaches are conceptually attractive, and we examine their respective virtues while also acknowledging their more serious problematic features. The latter become visible quickly when one tries to connect systems-relevant research with practical policy-making in this field. Not content to have simply identified a number of the significant obstructions encountered in the path toward that goal, the paper also suggests some potentially feasible ways forward.

Keywords: policy research; innovation; growth policy; system dynamics (search for similar items in EconPapers)
Pages: 30 pages
Date: 2007-06
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Working Paper: Linking Policy Research and Practice in 'STIG Systems': Many Obstacles, but Some Ways Forward (2006)
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