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Service Innovation in Developing Economies: Policy Rationale and Framework

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  • Luis Rubalcaba

Abstract

Services are becoming dominant activities in the world, and service innovation is a way to increase growth and welfare. Service-innovation policies are justified by a wide range of reasons, including the existence of market and systemic failures. In developing economies, these failures are often more serious than in developed economies. Innovation in services presents specific characteristics that are different from innovation in goods. A policy framework and a policy menu with different options are proposed. They include horizontal and vertical policies, as well as a systemic approach in which services can constitute a key component of any innovation policy.

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  • Luis Rubalcaba, 2015. "Service Innovation in Developing Economies: Policy Rationale and Framework," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(3), pages 540-557, May.
    • Handle: RePEc:mes:emfitr:v:51:y:2015:i:3:p:540-557
    DOI: 10.1080/1540496X.2015.1026694
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    Cited by:

    1. Paul Windrum & Doris Schartinger & Luis Rubalcaba & Faiz F. Gallouj & Marja Toivonen, 2016. "The co-creation of multi-agent social innovations," Post-Print halshs-01322603, HAL.

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