Rationales and instruments for public innovation policies

Tuomas Takalo

No 1/2013, Bank of Finland Research Discussion Papers from Bank of Finland

Abstract: Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and compares the existing policy tools, paying particular attention to the Finnish innovation policy environment.

Keywords: Innovation policies; innovation; R&D; incentives; market failures (search for similar items in EconPapers)
JEL-codes: G28 H25 O31 O34 O38 (search for similar items in EconPapers)
Date: 2013
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https://www.econstor.eu/bitstream/10419/212241/1/bof-rdp2013-001.pdf (application/pdf)

Related works:
Journal Article: Rationales and Instruments for Public Innovation Policies (2012)
Working Paper: Rationales and Instruments for Public Innovation Policies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofrdp:rdp2013_001

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