IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/58412.html
   My bibliography  Save this book

Industrial and Innovation Policy as Drivers of Change. WWWforEurope Deliverable No. 9

Author

Listed:
  • David Bailey

    (Aston University)

  • Lisa de Propris

    (University of Birmingham)

  • Jürgen Janger

Abstract

The Europe 2020 Strategy clearly outlines the ambition for EU member countries to pursue a smart, sustainable and inclusive growth: this means designing a the strategy that aims at achieving a socio-ecological transition by fostering economic growth as well as social development (e.g., with respect to employment, gender or cultural aspects) whilst also pushing for Europe's green shift. To deliver the EU 2020 strategy a new definition of competitiveness needs to be considered. A new industrial policy for Europe should be delivered by means of a portfolio of instruments that simultaneously steer demand and supply sides to move in the same direction creating an additive effect as against a cancelling-out effect. Such a portfolio needs to avoid trade-offs between technological change and growth or employment priorities. Policy changes need to provide long-run and consistent signals, which provide certainty for businesses in making long-term investments and short-term adjustments. For technological upgrading mission-oriented programmes are needed, compatible with existing capabilities but enabling capabilities to be diversified. Universities, investment in intangible assets, new technologies and key enabling technologies, and entrepreneurship will be crucial to secure Europe on a growth path compatible with a beyond GDP competitive agenda.

Suggested Citation

  • David Bailey & Lisa de Propris & Jürgen Janger, 2015. "Industrial and Innovation Policy as Drivers of Change. WWWforEurope Deliverable No. 9," WIFO Studies, WIFO, number 58412, March.
    • Handle: RePEc:wfo:wstudy:58412
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/58412
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Philippe Aghion & Mathias Dewatripont & Caroline Hoxby & Andreu Mas-Colell & André Sapir, . "Higher aspirations- an agenda for reforming European universities," Blueprints, Bruegel, number 1, June.
    2. Francesco Crespi & Claudia Ghisetti & Francesco Quatraro, 2015. "Taxonomy of Implemented Policy Instruments to Foster the Production of Green Technologies and Improve Environmental and Economic Performance. WWWforEurope Working Paper No. 90," WIFO Studies, WIFO, number 58131.
    3. Patrizio Bianchi & Sandrine Labory, 2011. "Industrial Policy after the Crisis," Books, Edward Elgar Publishing, number 14127.
    4. Philip Amison & David Bailey, 2014. "Phoenix industries and open innovation? The Midlands advanced automotive manufacturing and engineering industry," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 7(3), pages 397-411.
    5. Michele Cincera & Reinhilde Veugelers, 2011. "Europe's missing Yollies," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(3), pages 93-105.
    6. Cincera, Michele & Veugelers, Reinhilde, 2014. "Differences in the rates of return to R&D for European and US young leading R&D firms," Research Policy, Elsevier, vol. 43(8), pages 1413-1421.
    7. Josh Lerner & Scott Stern, 2012. "The Rate and Direction of Inventive Activity Revisited," NBER Books, National Bureau of Economic Research, Inc, number lern11-1.
    8. Birgit Aschhoff & Georg Licht & Paula Schliessler, 2013. "Who Drives Smart Growth? The Contribution of Small and Young Firms to Inventions in Sustainable Technologies. WWWforEurope Working Paper No. 47," WIFO Studies, WIFO, number 47072.
    9. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2015. "Eco-Innovation and Firm Growth: Do Green Gazelles Run Faster? Microeconometric Evidence from a Sample of European Firms," GREDEG Working Papers 2015-12, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    10. Philippe Aghion & Mathias Dewatripont & Caroline Hoxby & Andreu Mas-Colell & André Sapir, 2010. "The governance and performance of universities: evidence from Europe and the US [Distance to frontier, selection, and economic growth]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 25(61), pages 7-59.
    11. Lee Fleming & Olav Sorenson, 2004. "Science as a map in technological search," Strategic Management Journal, Wiley Blackwell, vol. 25(8‐9), pages 909-928, August.
    12. Karl Aiginger, 2014. "Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13," WIFO Studies, WIFO, number 47261.
    13. Berger, Suzanne with the MIT Task Force on Production in the Innovation Economy, 2013. "Making in America: From Innovation to Market," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019914, April.
    14. David Bailey & Lisa De Propris, 2014. "Editor's choice Manufacturing reshoring and its limits: the UK automotive case," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 7(3), pages 379-395.
    15. Georg Licht & Bettina Peters, 2013. "The Impact of Green Innovation on Employment Growth in Europe. WWWforEurope Working Paper No. 50," WIFO Studies, WIFO, number 47094, March.
    16. Christian Grabas & Alexander Nützenadel, 2013. "Industrial Policies in Europe in Historical Perspective. WWWforEurope Working Paper No. 15," WIFO Studies, WIFO, number 46867.
    17. Dosi, Giovanni & Llerena, Patrick & Labini, Mauro Sylos, 2006. "The relationships between science, technologies and their industrial exploitation: An illustration through the myths and realities of the so-called `European Paradox'," Research Policy, Elsevier, vol. 35(10), pages 1450-1464, December.
    18. Georg Licht & Bettina Peters, 2014. "Do Green Innovations Stimulate Employment? Firm-level Evidence From Germany. WWWforEurope Working Paper No. 53," WIFO Studies, WIFO, number 47155, March.
    19. Albarrán, Pedro & Crespo, Juan A. & Ortuño, Ignacio, 2009. "A comparison of the scientific performance of the U. S. and the European Union at the turn of the XXI century," UC3M Working papers. Economics we095534, Universidad Carlos III de Madrid. Departamento de Economía.
    20. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2015. "Eco-innovation and Firm Growth: Do Green Gazelles Run Faster? Microeconometric Evidence from a Sample of European Firms. WWWforEurope Working Paper No. 88," WIFO Studies, WIFO, number 57897.
    21. Claudio Baccianti & Andreas Löschel, 2015. "Investment-specific versus Process Innovation in a CGE Model of Environmental Policy. WWWforEurope Working Paper No. 85," WIFO Studies, WIFO, number 57893, March.
    22. Johanna Vogel & Kurt Kratena & Kathrin Hofmann, 2015. "The Bias of Technological Change in Europe. WWWforEurope Working Paper No. 98," WIFO Studies, WIFO, number 58200.
    23. Patrizio Bianchi & Sandrine Labory, 2010. "Economic Crisis and Industrial Policy," Revue d'économie industrielle, De Boeck Université, vol. 0(1), pages 301-326.
    24. Karl Aiginger, 2014. "Industrial Policy for a Sustainable Growth Path," WIFO Working Papers 469, WIFO.
    25. Karl Aiginger & Susanne Bärenthaler-Sieber & Johanna Vogel, 2013. "Competitiveness under New Perspectives. WWWforEurope Working Paper No. 44," WIFO Studies, WIFO, number 47019.
    26. Cimoli, Mario & Dosi, Giovanni & Stiglitz, Joseph E. (ed.), 2009. "Industrial Policy and Development: The Political Economy of Capabilities Accumulation," OUP Catalogue, Oxford University Press, number 9780199235278.
    27. Andreas Reinstaller, 2013. "An Evolutionary View on Social Innovation and the Process of Economic Change. WWWforEurope Working Paper No. 43," WIFO Studies, WIFO, number 47018.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karl Aiginger, 2016. "New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition – Part I: Synthesis. WWWforEurope Deliverable No. 11," WIFO Studies, WIFO, number 58791.
    2. Gunther Tichy, 2016. "Persistente Strukturprobleme trotz zutreffender Strukturprognosen," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(8), pages 553-571, August.
    3. Jürgen Janger & Agnes Kügler & Andreas Reinstaller & Fabian Unterlass, 2017. "Österreich 2025 – Die "Frontier" in Wissenschaft, Technologie, Innovationen und Wirtschaft. Messung und Bestimmungsfaktoren," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(2), pages 141-151, February.
    4. Wifo, 2017. "WIFO-Monatsberichte, Heft 2/2017," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(2), February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Karl Aiginger, 2016. "New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition – Part I: Synthesis. WWWforEurope Deliverable No. 11," WIFO Studies, WIFO, number 58791.
    2. Georg Licht & Bettina Peters & Christian Köhler & Franz Schwiebacher, 2014. "The Potential Contribution of Innovation Systems to Socio-Ecological Transition. WWWforEurope Deliverable No. 4," WIFO Studies, WIFO, number 47502.
    3. Susanna Ulinski, 2015. "Corporate Social Innovation as a Driver of Performance and Welfare. WWWforEurope Policy Paper No. 25," WIFO Studies, WIFO, number 58500.
    4. Jürgen Janger, 2015. "Business Science Links For a New Growth Path. WWWforEurope Working Paper No. 107," WIFO Studies, WIFO, number 58413.
    5. Gruber, Harald, 2019. "Proposals for a digital industrial policy for Europe," Telecommunications Policy, Elsevier, vol. 43(2), pages 116-127.
    6. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller-Altzinger & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247.
    7. Sofia Patsali, 2021. "University Procurement-led Innovation," GREDEG Working Papers 2021-13, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    8. Ederer, Stefan & Reschenhofer, Peter, 2018. "Macroeconomic imbalances and structural change in the EMU," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 59-69.
    9. Giovanni Dosi & Joseph Stiglitz, 2013. "The Role of Intellectual Property Rights in the Development Process, with Some Lessons from Developed Countries: An Introduction," LEM Papers Series 2013/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    10. Stefan Ederer & Peter Reschenhofer, 2014. "Macroeconomic Imbalances and Structural Change in the EMU. WWWforEurope Working Paper No. 69," WIFO Studies, WIFO, number 47506.
    11. Andrea Bonaccorsi & Tindaro Cicero & Peter Haddawy & Saeed-UL Hassan, 2017. "Explaining the transatlantic gap in research excellence," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(1), pages 217-241, January.
    12. Karl Aiginger, 2014. "Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13," WIFO Studies, WIFO, number 47261.
    13. Christian Ketels, 2015. "Competitiveness and Clusters: Implications for a New European Growth Strategy. WWWforEurope Working Paper No. 84," WIFO Studies, WIFO, number 57892.
    14. Alex Coad & Agustí Segarra-Blasco & Mercedes Teruel, 2021. "A bit of basic, a bit of applied? R&D strategies and firm performance," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1758-1783, December.
    15. Olimpia Neagu, 2019. "The Link between Economic Complexity and Carbon Emissions in the European Union Countries: A Model Based on the Environmental Kuznets Curve (EKC) Approach," Sustainability, MDPI, vol. 11(17), pages 1-27, August.
    16. Bonaccorsi, Andrea & Haddawy, Peter & Cicero, Tindaro & Hassan, Saeed-Ul, 2017. "The solitude of stars. An analysis of the distributed excellence model of European universities," Journal of Informetrics, Elsevier, vol. 11(2), pages 435-454.
    17. Coad, Alex & Segarra, Agustí & Teruel, Mercedes, 2016. "Innovation and firm growth: Does firm age play a role?," Research Policy, Elsevier, vol. 45(2), pages 387-400.
    18. Consoli, Davide & Marin, Giovanni & Marzucchi, Alberto & Vona, Francesco, 2016. "Do green jobs differ from non-green jobs in terms of skills and human capital?," Research Policy, Elsevier, vol. 45(5), pages 1046-1060.
    19. Peter T. Gianiodis & Gideon D. Markman & Andreas Panagopoulos, 2016. "Entrepreneurial universities and overt opportunism," Small Business Economics, Springer, vol. 47(3), pages 609-631, October.
    20. Stefan Ederer, 2015. "Macroeconomic Imbalances and Institutional Reforms in the EMU. WWWforEurope Working Paper No. 87," WIFO Studies, WIFO, number 57896.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:58412. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.