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Political aspects of innovation

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  • Courvisanos, Jerry

Abstract

"Political aspects" that enhance, but also undermine, the positive transformational power of public innovation policies are examined. As such, this paper follows Michal Kalecki in his 1943 paper that identifies the "political aspects" which enhance and undermine the positive transformational power of Keynesian full employment policies. Similarly, this paper provides a policy framework that identifies what government and business support as innovation policies. The role of innovation stems from Schumpeter's long-run perspective, but incorporates the more dynamic cyclical short-term and trend perspectives of Kalecki. This paper critiques the strategy of public innovation policy in general and derives policy implications.

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  • Courvisanos, Jerry, 2009. "Political aspects of innovation," Research Policy, Elsevier, vol. 38(7), pages 1117-1124, September.
    • Handle: RePEc:eee:respol:v:38:y:2009:i:7:p:1117-1124
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    7. Rinaldo Evangelista, 2015. "Technology, development and economic crisis: the Schumpeterian legacy," Working Papers 23, Birkbeck Centre for Innovation Management Research, revised Jun 2015.
    8. Frank, Alejandro Germán & Cortimiglia, Marcelo Nogueira & Ribeiro, José Luis Duarte & Oliveira, Lindomar Subtil de, 2016. "The effect of innovation activities on innovation outputs in the Brazilian industry: Market-orientation vs. technology-acquisition strategies," Research Policy, Elsevier, vol. 45(3), pages 577-592.
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    15. Aylin Ege & A. Yavuz Ege, 2019. "How to Create a Friendly Environment for Innovation? A Case for Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(1), pages 451-473, July.

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