|Generate QR code
Open Access
Subscription Access
Innovation Economy: Science, Government, and Business
https://doi.org/10.32609/0042-8736-2011-1-127-137
Abstract
This paper is dedicated to the problems of innovation economy and considers the topic from three points of view: science, state regulation, and innovation business. The author discusses theoretical aspects of the economic role played by innovations and problems of putting them to work, as well as economic policy issues. A number of government policies and the discussion of economic efficiency of development institutions are included in the analysis. The article also considers the innovation business from its origins.
References
1. Кондратьев Н. Д. Большие циклы конъюнктуры // Вопросы конъюнктуры. 1925. № 1.
2. Шумпетер Й. Теория экономического развития. М.: ЭКСМО, 2007.
3. Akerlof G. A. The Market for Lemons: Quality Uncertainty and the Market Mechanism// Quarterly Journal of Economics. 1970. Vol. 84, No 3. P. 488-500.
4. Andrioni J. Privately Provided Public Goods in a Large Economy: The Limits of Altruism// Journal of Public Economics. 1988. Vol. 35, No 1. P. 57-73.
5. Arrow K. J. Economic Welfare and the Allocation of Resources for Invention // Richard Nelson (ed.). The Rate and Direction of Inventive Activity. Princeton: Princeton University Press, 1962.
6. Eng L. L., Shackell M. The Implications of Long Term Performance Plans and Institutional Ownership for Firms' Research and Development Investments // Journal of Accounting, Auditing and Finance. 2001. Vol. 16, No 2. P. 117-139.
7. Gentry W. M., Hubbard G. R. Success Taxes, Entrepreneurial Entry, and Innovation // NBER Working Paper. 2004. No 10551.
8. Gorman M., Sahlman W. A. What do Venture Capitalists Do? // Journal of Business Venturing. 1989. Vol. 4, No 4. P. 231-248.
9. Griliches Z. The Search for R&D Spillovers // Scandinavian Journal of Economics. 1992. Vol. 94. Supplement. P. S29-S47.
10. Guenther D. A., Willenborg M. Capital Gains Tax Rates and the Сost of Сapital for Small Business: Evidence from the IPO Market // Journal of Financial Economics. 1999. Vol. 53, No 3. P. 385-408.
11. Hall B. H. The Financing of Research and Development // NBER Working Paper. 2002. No 8773.
12. Hall B. H. The Private and Social Return to research and Development // Technology, R&D, and the Economy / B.L.R. Smith and C. E. Barfield (eds.). Washington, DC: Brookings Institution and the American Enterprise Institute, 1996. P. 140-183.
13. Hall B., Reenen J. van. How Effective Are Fiscal Incentives for R&D? A Review of the Evidence // Research Policy. 2000. Vol. 29, No 4-5. P. 449-469.
14. Hellmann T. The Allocation of Control Rights in Venture Capital Contracts // RAND Journal of Economics. 1998. Vol. 29, No 1. P. 57-76.
15. Klette T. J., Møen J., Griliches Z. Do Subsidies to Commercial R&D Reduce Market Failure?Microeconometric evaluation studies // Research Policy. 2000. Vol. 29, No 4-5. P. 471-495.
16. Leland H. E., Pyle D. H. Informational Asymmetries, Financial Structure and Financial Intermediation // Journal of Finance. 1977. Vol. 32, No 2. P. 371-387.
17. Lerner J. Angel Financing and Public Policy: An Overview // Journal of Banking & Finance. 1998. Vol. 22, No 6-8. P. 773-783; Prowse S. Angel Investors and the Market for Angel Investments // Journal of Banking & Finance. 1998. Vol. 22, No 6-8. P. 785-792.
18. Lerner J. The Government as Venture Capitalist: The Long-Run Impact of the SBIR Program // NBER Working Paper. 1996. No 5753.
19. Levine R. C., Klevorick A. K., Nelson R. R., Winter S. G. Appropriating the Returns from Industrial Research and Development // Brookings Papers on Economic Activity. 1987. Vol. 3. P. 783-832.
20. Majumdar S. K., Nagarajan A. The Impact of Changing Stock Ownership Patterns in the United States: Theoretical Implications and Some Evidence // Revue d'Economie Industrielle. 1997. Vol. 82. P. 39-54.
21. Mansfield E., Schwartz M., Wagner S. Imitation Costs and Patents: An Empirical Study // Economic Journal. 1981. Vol. 91, No 364. P. 907-918.
22. Nelson R. The Simple Economics of Basic Scientific Research // Journal of Political Economy. 1959. Vol. 67, No 3. P. 297-306.
23. Stiglitz J., Wess A. Credit Rationing in Markets with Imperfect Information // American Economic Review. 1981. Vol. 71, No 3. P. 393-410.
24. Williamson O. E. Corporate Finance and Corporate Governаnce // Journal of Finance. 1988. Vol. 43, No 3. P. 567-591.
Review
For citations:
Shilov A. Innovation Economy: Science, Government, and Business. Voprosy Ekonomiki. 2011;(1):127-137. (In Russ.) https://doi.org/10.32609/0042-8736-2011-1-127-137
Views:
814
Email this article 
