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on Innovation |
| By: | Grillitsch, Markus (CIRCLE, Lund University); Asheim, Björn (CIRCLE, Lund University); Fünfschilling, Lea (CIRCLE, Lund University); Kelmenson, Sophie (University of North Carolina at Chapel Hill); Lowe, Nicola (CIRCLE, Lund University); Lundquist, Karl Johan (CIRCLE, Lund University); Mahmoud, Yahia (CIRCLE, Lund University); Martynovich, Mikhail (CIRCLE, Lund University); Mattson, Pauline (CIRCLE, Lund University); Miörner, Johan (CIRCLE, Lund University); Nilsson, Magnus (CIRCLE, Lund University); Schubert, Torben (CIRCLE, Lund University) |
| Abstract: | Rescaling as a concept has been used to investigate and explain shifting patterns in economic and industrial development. This ranges from processes explaining the shift towards globalisation in the 1980s to current calls for shifts towards decarbonisation, national security, and more even development, which profoundly affect the organisation of economies and industries. This paper aims to unpack the notion of rescaling, identify and elaborate on different dimensions of rescaling, and use rescaling as conceptual and analytical lens to discuss and understand shifting patterns in economic and industrial development. We explore the potential of rescaling to capture the complex processes underpinning such shifts in patterns with a unifying language that connects multiple disciplinary perspectives. It is also relevant from a societal perspective as rescaling has been used as a strategy to affect the patterns in economic and industrial development. |
| Keywords: | economic development; industrial dynamics; globalisation; technological regimes; industrial policy; sustainable development |
| JEL: | F02 F50 F60 L50 L60 O10 O30 |
| Date: | 2023–11–07 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2023_011&r=ino |
| By: | Vergara, Sebastian |
| Abstract: | Industrial and innovation policies are gaining additional traction, becoming crucial aspects of many governments’ toolkits to support innovation, build resilience, and accelerate the green energy transition. There are, however, enormous disparities across economies in their capacity to implement industrial policies, particularly those to support science, technology and innovation. Most developed countries, and some that are developing, are implementing bold, ambitious, and long-term innovation policies towards strengthening technological capabilities, bolstering R&D investments, and supporting advanced manufacturing and green energies. Amid lack of fiscal space and vulnerable fiscal frameworks, institutional deficiencies, and weak innovation ecosystems, developing countries –particularly in Africa and Latin America and the Caribbean– face enormous challenges to implement strategic innovation policies. Under the current economic, financing, and institutional conditions and policy trends, the technological divide across economies could widen even further in the coming years, limiting the progress of developing countries towards the SDGs and leaving many of them further behind. |
| Keywords: | Industrial policy, innovation policies, R&D investments, technological divide |
| JEL: | O10 O3 |
| Date: | 2023–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:119155&r=ino |
| By: | Henrekson, Magnus (Research Institute of Industrial Economics (IFN)); Sandström, Christian (Jönköping International Business School, Jönköping, Sweden); Stenkula, Mikael (Research Institute of Industrial Economics (IFN)) |
| Abstract: | This paper integrates findings from several different case studies on Mission-Oriented Innovation Policies (MOIPs) and makes use of existing literature to briefly describe three other missions: The War on Cancer, homeownership in the United States, and the Swedish Million Program. Together with the analyses in the contributions in the volume Moonshots and the New Industrial Policy: Questioning the Mission Economy, seven takeaways regarding mission-oriented innovation policies are developed and described: 1) wicked problems cannot be solved through missions, 2) politicians and government agencies are not exempt from self-interest, 3) MOIPs are subject to rent-seeking and mission capture, 4) policymakers lack information to design MOIPs, 5) MOIPs distort competition, 6) government support programs distort incentives and result in moral hazard, and 7) MOIPs ignore opportunity costs. These seven takeaways are illustrated using the cases described in this essay and in other contributions in the above-mentioned volume. |
| Keywords: | Mission-oriented policies; Innovation policy; New industrial policy; Moonshots; Rent seeking; Public choice |
| JEL: | H50 L26 L52 O31 O38 P16 |
| Date: | 2023–11–06 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:iuiwop:1478&r=ino |
| By: | David Hemous; Simon Lepot; Thomas Sampson; Julian Scharer |
| Abstract: | This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our application delivers three main results. First, the potential gains from international cooperation over patent policies are large. Second, only a small share of these gains has been realized so far. And third, the WTO's TRIPS agreement has been counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy reform. |
| Keywords: | trade policy, innovation, growth, patents, TRIPS |
| Date: | 2023–11–13 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1958&r=ino |
| By: | OECD |
| Abstract: | This paper resents a measurement framework aiming to support the collection of comprehensive and internationally comparable quantitative and qualitative information on governmental innovation support programmes and instruments. It proposes a taxonomic system with definitions, classifications and reporting conventions aligned with OECD and other international standards. The framework is intended to support future OECD measurement efforts in this area and the analysis of innovation support portfolios within and across countries. |
| Keywords: | Business, Innovation, Public support, R&D, technology |
| JEL: | H50 H60 O30 H25 |
| Date: | 2023–11–20 |
| URL: | http://d.repec.org/n?u=RePEc:oec:stiaac:160-en&r=ino |
| By: | Arnault Morisson (Institute of Geography [Bern] - University of Bern); Isabelle Liotard (CEPN - Centre d'Economie de l'Université Paris Nord - LABEX ICCA - UP13 - Université Paris 13 - Université Sorbonne Nouvelle - Paris 3 - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité - Université Sorbonne Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord); Valérie Revest (Iaelyon - Iaelyon School of Management - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon) |
| Abstract: | There is an emerging consensus that innovation policies must be geared towards solving societal challenges. The policy complexity of the third generation of innovation policy (TGIP), however, puts less-developed European regions at risk of being left behind from this novel policy paradigm due to lower institutional and governance capacities. Building on the concept of a small wins strategy that focuses on small-scale and bottom-up initiatives that are guided by a shared mission to address wicked problems, the article's methodology uses expert interviews, examples of challenge prizes, and desk research to explore whether inducement prizes can potentially engage less-developed regions (LDRs) in TGIP to address place-based societal challenges through a small wins strategy. The article introduces the concept of a challenge-oriented regional prize (CORP) as a stepping-stone policy tool to engage LDRs in TGIP through a small wins strategy, namely regarding issues of directionality, legitimacy, responsibility, and strategic orientation. CORPs are, however, not a silver bullet policy tool for LDRs to engage in TGIPs due to their design and implementation constraints. |
| Keywords: | inducement prizes, societal challenges, open innovation, regional policy, mission-oriented innovation policy |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03981968&r=ino |
| By: | Ms. Zeina Hasna; Ms. Florence Jaumotte; Jaden Kim; Samuel Pienknagura; Gregor Schwerhoff |
| Abstract: | Innovation in low-carbon technologies (LCTs), which is essential in the fight against climate change, has slowed in recent years. This Staff Discussion Note shows that a global climate policy strategy can bolster innovation in, and deployment of, LCTs. Countries that expand their climate policy portfolio exhibit higher (1) climate-change-mitigation-patent filings, (2) LCT trade flows, and (3) “green” foreign direct investment flows. Importantly, boosting innovation in, and deployment of, LCTs yields medium-term growth, which mitigates potential costs from climate policies. This note stresses the importance of international policy coordination and cooperation by showcasing evidence of potential climate policy spillovers. |
| Keywords: | Low-carbon technologies; green innovation; technological diffusion and deployment; environmental policies; economic performance; portfolio exhibit; green FDI inflow; Policy implication; LCT trade; policy coordination; Climate policy; Foreign direct investment; Emerging and frontier financial markets; Climate change; Global |
| Date: | 2023–11–06 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfsdn:2023/008&r=ino |