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Creating Innovation Policies that Leads to Positive Future Spillovers - A Critical Review

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  • Mohamed Buheji

Abstract

This paper reviews what is the essence and importance of innovation policy today and in the future. The Importance of innovation meta-analysis and its benefits for the policies beneficiaries and stakeholders are explored. Then, cases of market failure and how innovation policies could bring influence and spillovers on the economy, are discussed. This critical review implies that it shows the main mechanisms of innovation instruments and where the essentials and the rationales of creating socially preferable innovation policies need to be more investigated as per the clusters targeted for competitiveness differentiation.

Suggested Citation

  • Mohamed Buheji, 2020. "Creating Innovation Policies that Leads to Positive Future Spillovers - A Critical Review," Business and Economic Research, Macrothink Institute, vol. 10(1), pages 176-181, March.
    • Handle: RePEc:mth:ber888:v:10:y:2020:i:1:p:176-181
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    File URL: http://www.macrothink.org/journal/index.php/ber/article/view/16308/12689
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    File URL: http://www.macrothink.org/journal/index.php/ber/article/view/16308
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    References listed on IDEAS

    as
    1. Mohamed Buheji, 2018. "Book Review - Handbook of Innovation and Standards," Business and Management Studies, Redfame publishing, vol. 4(1), pages 31-32, March.
    2. Jakob Edler & Paul Cunningham & Abdullah Gök & Philip Shapira (ed.), 2016. "Handbook of Innovation Policy Impact," Books, Edward Elgar Publishing, number 16121.
    3. Jakob Edler & Jan Fagerberg, 2017. "Innovation policy: what, why, and how," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(1), pages 2-23.
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    Cited by:

    1. Mohamed Buheji & Dunya Ahmed, 2020. "Planning for 'The New Normal': Foresight and Management of the Possibilities of Socio-economic Spillovers due to COVID-19 Pandemic," Business Management and Strategy, Macrothink Institute, vol. 11(1), pages 160-179, June.

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    More about this item

    Keywords

    Innovation Policy Impact; Economic Spillovers; Future Foresight; Competitiveness;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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