Innovation policy: What, why, and how

Jakob Edler*, Jan Fagerberg

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

306 Citations (Scopus)
920 Downloads (Pure)

Abstract

During the last two to three decades policy-makers have increasingly became concerned about the role of innovation for economic performance and, more recently, for the solution of challenges that arise (such as the climate challenge). The view that policy may have a role in supporting innovation has become widespread, and the term innovation policy has become commonly used. This paper takes stock of this rapidly growing area of public policy, with particular focus on the definition of innovation policy (what it is); theoretical rationales (why innovation policy is needed); and how innovation policy is designed, implemented, and governed.

Original languageEnglish
JournalOxford Review of Economic Policy
Volume33
Issue number1
Pages (from-to)2-23
Number of pages22
ISSN0266-903X
DOIs
Publication statusPublished - 1 Jan 2017

Keywords

  • Innovation
  • Innovation policy
  • Innovation system

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