Rationales for public policy intervention from a systems of innovation approach: the case of VINNOVA

Cristina Chaminade and Charles Edquist

No 2006/4, Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research

Abstract: This paper discusses the implications of the adoption of the National Innovation Systems approach for innovation policy. It starts by positioning the 'systemic' approach against other theoretical approaches, such as neoclassical theories. The authors argue that the adoption of one or the other frameworks leads to different criteria for intervention. The main rationales for public intervention under each approach are then discussed. We make a distinction between classic market failures (grounded in neoclassical theory) and systemic problems -often called systemic failures - (grounded in the evolutionary/systemic approaches). On the basis of this, the authors will discuss other important issues to be considered when discussing public policy intervention under a system of innovation. The example of VINNOVA will be used to illustrate the discussion.

Keywords: systems of innovation; innovation policy (search for similar items in EconPapers)
JEL-codes: O30 O38 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006-03-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://wp.circle.lu.se/upload/CIRCLE/workingpapers/200604_Chaminade_Edquist.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2006_004

Access Statistics for this paper

More papers in Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research CIRCLE - Centre for Innovation Research, Lund University, PO Box 117, SE-22100 Lund, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Torben Schubert ().