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Innovation policies in the digital age

Author

Listed:
  • Dominique Guellec

    (OECD)

  • Caroline Paunov

    (OECD)

Abstract

This paper looks at how digitalisation is transforming innovation, and the consequent need for innovation policies to adapt. The paper shows that the digital transformation affects the economics of information and knowledge, in particular pricing and allocation. The reduced costs of producing and handling information and knowledge and the increased fluidity change innovation dynamics. Data have become a core input for innovation. Other changes include more opportunities for versioning; an acceleration in innovation, more experimentation and collaboration; servitisation; and higher risk associated with these general purpose technologies. The digital transformation also has economy-wide effects in terms of business dynamics, market structures and distribution. In view of this transformation, changes to innovation policy are required in the digital age. Innovation policies need to address data access issues; become more agile; promote open science, data sharing and co-operation among innovators; and review competition for innovation and intellectual property policy frameworks.

Suggested Citation

  • Dominique Guellec & Caroline Paunov, 2018. "Innovation policies in the digital age," OECD Science, Technology and Industry Policy Papers 59, OECD Publishing.
    • Handle: RePEc:oec:stiaac:59-en
    DOI: 10.1787/eadd1094-en
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    Cited by:

    1. Auboin, Marc & Koopman, Robert & Xu, Ankai, 2021. "Trade and innovation policies: Coexistence and spillovers," Journal of Policy Modeling, Elsevier, vol. 43(4), pages 844-872.
    2. Litina, Anastasia & Makridis, Christos A. & Tsiachtsiras, Georgios, 2021. "Do product market reforms raise innovation? Evidence from Micro-data across 12 countries," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
    3. Ferracane,Martina Francesca & Van Der Marel,Erik Leendert, 2020. "Digital Innovation in East Asia : Do Restrictive Data Policies Matter," Policy Research Working Paper Series 9124, The World Bank.
    4. Weresa Marzenna Anna, 2019. "Technological competitiveness of the EU member states in the era of the fourth industrial revolution," Economics and Business Review, Sciendo, vol. 5(3), pages 50-71, September.

    More about this item

    Keywords

    acceleration of innovation; digital innovation; digital technologies; economics of knowledge and information; innovation policy; market structures; servitisation;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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