Economics at your fingertips  

Private and Public Sector Interactions That Encourage Growth-Creating Technological Advance

Richard G. Lipsey ()
Additional contact information
Richard G. Lipsey: Professor Emeritus at Simon Fraser University,

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: This paper distinguishes four types of public policies that seek to encourage growth-creating technological advance: technology, R&D, industrial, and science policies. The first three are typically treated under the single heading ‘industrial policy’, which is a source of confusion since each is administered by different agents and in different manners. Evidence of the many failures of industrial policy, as defined here, is often incorrectly assumed by its critics to apply to technology and R&D policies. Evidence for the many successes of technology policy’s symbiotic relation between the public and the private sectors is outlined, although typically ignored by growth theorists. The massive influence of science policy on economic growth, also typically ignored by growth theorists, is a largely unintended byproduct of scientific advance.

Date: 2023-07
New Economics Papers: this item is included in nep-gro and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (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:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Discussion Papers from Department of Economics, Simon Fraser University Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by Working Paper Coordinator ().

Page updated 2023-11-29
Handle: RePEc:sfu:sfudps:dp23-07