There is wide consensus on the importance of knowledge for economic growth and local development patterns. This book proposes a view of knowledge as a collective, systemic and evolutionary process that enables agents and social systems to overcome the challenges of the limits to growth. It brings together new conceptual and empirical contributions, analysing the relationship between demand and supply factors and the rate and direction of technological change. It also examines the different elements that compose innovation systems.
The Economics of Knowledge, Innovation and Systemic Technology Policy provides the background for the development of an integrated framework for the analysis of systemic policy instruments and their mutual interaction the socio-political and economic conditions of the surrounding environment. These aspects have long been neglected in innovation policy, as policymakers, academics and the business community, have mostly emphasized the benefits of supply side strategies. However, a better understanding of innovation policies grafted on a complexity-based approach calls for the appreciation of the mutual interactions between both supply and demand aspects, and it is likely to improve the actual design of policy measures.
This book will help readers to understand the foundations and working of demand-driven innovation policies by stressing the importance of compent and smart demand.
Table of Contents
- Knowledge, innovation and the different dimensions of systemic technology policy 2. On the co-evolution of innovation and demand: some policy implications 3. The competent demand pull hypothesis 4. Market-Based Demand-Driven Innovation: Seven Key Principles & Illustrative Case Studies 5. Characterizing the evolution of the EU R&D intensity gap using data from top R&D performers 6. Good governance, firm performance, and policy recommendations: Is the shareholder value counter-revolution obsolete? 7. The geography of inter-firm knowledge spillovers in bio-tech 8. Social capital and the innovative performance of Italian provinces 9. The ontology of complexity and implications for innovation policy 10. The multi-dimensional additionality of innovation policies. A multi-level application to Italy and Spain 11. Innovation policies as engines of economic growth: Standard lessons and systemic insights for Bulgaria 12. The emergence of wind energy in Spain: a review of the policy mix 13. The role of environmental policy for eco-innovation: Theoretical background and empirical results for different countries ok 14. Innovation Policy for Knowledge Production and R&D: The Investment Portfolio Approach 15. Conclusions and Policy Implications
Francesco Crespi is Associate Professor at the Department of Economics of Roma Tre University, and Research Associate at the Bureau of Research on Innovation, Complexity and Knowledge (BRICK), Collegio Carlo Alberto, Italy.
Francesco Quatraro is Associate Professor at the Department of Economics and Statistics of University of Torino, and Research Associate at the Bureau of Research on Innovation, Complexity and Knowledge (BRICK), Collegio Carlo Alberto, Italy and at the GREDEG, University of Nice Sophia Antipolis, France.