Innovation Policy, Entrepreneurship, and Development: A Finnish View

Otto Toivanen

No RP2009-48, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This article first reviews the economic rationales for innovation policy. It then describes the Finnish innovation policy and policy making environment. The Finnish policy is evaluated from the point of view of fostering entrepreneurship. R&D subsidies, the main tool of Finnish innovation policy, may not be a very effective way of fostering entrepreneurship, compared to R&D tax credits of the type used in the Netherlands and Norway. The main reason for this is that the latter provide support in a more transparent way.

Keywords: Economic policy (Business enterprises); Industrial policy; Subsidies; Technological innovations; Research (Technological innovations) (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Working Paper: Innovation Policy, Entrepreneurship, and Development: A Finnish View (2009)
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