Innovation and the State: Towards an Evolutionary Theory of Policy Capacity

Erkki Karo and Rainer Kattel ()

The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics from TUT Ragnar Nurkse Department of Innovation and Governance

Abstract: In this paper we propose an evolutionary analytical approach to policy capacity with a specific focus on policy domains, where uncertainty and need for policy innovations, or novelty creation, is a central concern for effective policies. From an evolutionary perspective, the core elements of policy capacity are: a) organizational routines and their varieties, b) search and selection and the endogenous and exogenous sources of novelty creation, c) selection and feedback environments. We operationalize these elements and illustrate the value of the evolutionary analytical perspective through discussing the evolution of science, technology and innovation (STI) policy capacities of three Asian Tigers.

Pages: 30 pages
Date: 2016-09
New Economics Papers: this item is included in nep-hme, nep-ino and nep-sea
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Citations: View citations in EconPapers (1)

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