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An evolutionary model of innovation policy: conceptualizing the growth of knowledge in innovation policy as an evolution of policy alternatives

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  • Maureen McKelvey
  • Rögnvaldur J Saemundsson

Abstract

Our purpose is to propose a conceptual model of the growth of knowledge in innovation policy making. We explicitly draw upon evolutionary economics to conceptualize learning as an evolutionary process of the growth of knowledge about policy problems and their solutions. Our model points to the central role of the variation and selective retention of policy alternatives and contributes to the current debate about how to build capacity through and for mission-oriented innovation policies, to address grand social challenges.

Suggested Citation

  • Maureen McKelvey & Rögnvaldur J Saemundsson, 2018. "An evolutionary model of innovation policy: conceptualizing the growth of knowledge in innovation policy as an evolution of policy alternatives," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 851-865.
    • Handle: RePEc:oup:indcch:v:27:y:2018:i:5:p:851-865.
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    File URL: http://hdl.handle.net/10.1093/icc/dty035
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    Cited by:

    1. Chiara Bocci & Annalisa Caloffi & Marco Mariani & Alessandro Sterlacchini, 2023. "Evaluating Public Support to the Investment Activities of Business Firms: A Multilevel Meta-Regression Analysis of Italian Studies," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 1-34, March.
    2. Nancy Brett & Thomas Magnusson & Hans Andersson, 2023. "From global climate goals to local practice—mission-oriented policy enactment in three Swedish regions," Science and Public Policy, Oxford University Press, vol. 50(4), pages 603-618.

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