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Elements of a Schumpeterian catalytic research and innovation policy
journal contribution
posted on 2023-06-09, 15:30 authored by Uwe Cantner, Simone VannucciniIn this article we take a fresh look at Research and Innovation (R&I hereinafter) policy and define a new notion: Schumpeterian catalytic R&I policy. Such policy style amends and enriches the new mission-oriented framework for innovation policy by assigning more weight to the microeconomic dimension of private actors’ actions and by being more concerned with the temporary nature of interventions. We relate our argument to recent empirical trends in productivity dynamics and innovative activities. These suggest that an innovation slowdown is taking place and, consequently, that a renewed interest in the (re-)direction—rather than on the intensity of innovative activities—is key to the design of R&I policy capable to tackle current challenges. We use the evidence to build a schematic theoretical framework to inform policy design, and we outlined the defining features of our proposed policy style.
History
Publication status
- Published
File Version
- Published version
Journal
Industrial and Corporate ChangeISSN
0960-6491Publisher
Oxford University PressExternal DOI
Issue
5Volume
27Page range
833-850Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-10-16First Open Access (FOA) Date
2020-08-12First Compliant Deposit (FCD) Date
2018-10-15Usage metrics
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