|Generate QR code
Open Access
Subscription Access
Public policy and national innovation system failures
https://doi.org/10.32609/0042-8736-2017-2-97-108
Abstract
In the study, the general dimensions of public policy in national innovation systems are associated with the factors of its failures. The perspectives of policy facilitating the shape of actors’ motivation are analyzed in detail. The paper studies the problems of technology spillover regulation and of keeping a balance between innovation risk compensation and making actors willing to take innovation risks. The paper also considers the structural factor related to the peculiarity of innovation activity on various mesolevels of the system and to information asymmetries. The opportunities of the structural factor to enhance innovation performance are investigated.
About the Author
O. Golichenko
Central Economics and Mathematics Institute, Russian Academy of Sciences; Moscow Institute of Physics and Technology
Russian Federation
Russian Federation
References
1. Golichenko O. G. (2011). Main factors of national innovation system development: Lessons for Russia. Moscow: Nauka. (In Russian).
2. Golichenko O. (2014). National innovation systems: From conception toward the methodology of analysis. Voprosy Ekonomiki, No. 7, pp. 61—68. (In Russian).
3. Golichenko O. G., Samovoleva S. A. (2014). Public policy in the national innovation system: theory and practice. Innovatsii, No. 10, pp. 83—94. (In Russian).
4. Aboody D., Lev B. (2000). Information asymmetry, R&D, and insider gains. Journal of Finance, Vol. 55, No. 6, pp. 2747-2766.
5. Aghion P., Blundell R., Griffith R., Howitt P., Prantl S. (2009). The Effects of Entry on Incumbent Innovation and Productivity. Review of Economics and Statistics, Vol. 91, No. 1, pp. 20-32.
6. Arrow K. (1962). The economic implications of learning by doing. Review of Economic Studies, Vol. 29, No. 3, pp. 155-173.
7. Buchanan J., Stubblebine Wm. C. (1962). Externality. Economica, Vol. 29, No. 116, pp. 371-384.
8. Carlsson B., Jacobsson S. (1997). In search оf useful public policies: key lessons and issues for policy makers. In: B. Carlsson (ed.). Technological systems and industrial dynamics. Dordrecht: Kluwer, pp. 299-315.
9. Dobrinsky P. (2009). The paradigm of knowledge-oriented industrial policy. Journal of Industry Competition and Trade, Vol. 9, No. 4, pp. 273-305.
10. Jaumotte F., Pain N. (2005). Innovation in the business sector. OECD Economics Department Working Papers, No. 459.
11. Johnson B., Gregersen B. (1994). Systems of innovation and economic integration. Journal of Industry Studies, Vol. 2, No. 2, pp. 1-18.
12. Malerba F., Orsenigo L. (1997). Technological regimes and sectoral patterns of innovative activities. Industrial and Corporate Change, Vol. 6, No. 1, pp. 83-117.
13. Moreau F. (2004). The role of the state in evolutionary economics. Cambridge Journal of Economics, Vol. 28, No. 6, pp. 847-874.
14. Mytelka L., Smith K. (2002). Policy learning and innovation theory: an interactive and co-evolving process. Research Policy, Vol. 31, No. 8-9, pp. 1467-1479.
15. OECD (2005). Governance of innovation system. Paris: OECD Publ.
16. OECD (2008). Competition assessment toolkit. Paris: OECD Publ.
17. OECD (2011). Financing high-growth firms: The role of angel investors, Paris: OECD Publ.
18. ОECD (2015). The Innovation Imperative: Contributing to productivity, growth and well-being. Paris: OECD Publ.
19. Pack H., Saggi, K. (2006). Is there a case for industrial policy? A critical survey. World Bank Research Observer, Vol. 21, No. 2, pp. 267-297.
20. Porter M. (1990). The competitive advantage of nations. New York: The Free Press.
21. Sharif N. (2006). Emergence and development of the national innovation systems concept. Research Policy, Vol. 35, No. 5, pp. 745-766.
22. Smith K. (1997). Economic infrastructures and innovation systems. In: C. Edquist (ed.). Systems of innovation: Technologies, institutions and organisations. London and Washington, DC: Pinter, pp. 86-106.
Review
For citations:
Golichenko O. Public policy and national innovation system failures. Voprosy Ekonomiki. 2017;(2):97-108. (In Russ.) https://doi.org/10.32609/0042-8736-2017-2-97-108
Views:
1121
Email this article 
