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Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design

In English

Författare

Summary, in English

Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.

Avdelning/ar

Publiceringsår

2014

Språk

Engelska

Dokumenttyp

Working paper

Förlag

Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE)

Ämne

  • Social Sciences Interdisciplinary

Nyckelord

  • Innovation system
  • innovation policy
  • knowledge production
  • R&D
  • universities
  • innovation policy instruments
  • institutions
  • institutional change

Status

Published