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Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design

Borrás, Susana LU and Edquist, Charles LU (2014)
Abstract
Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts... (More)
Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working Paper
publication status
published
subject
keywords
Innovation system, innovation policy, knowledge production, R&D, universities, innovation policy instruments, institutions, institutional change
categories
Higher Education
pages
22 pages
publisher
Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE)
language
English
LU publication?
yes
id
9a813827-0d56-4257-b7c9-36789b09c5c7 (old id 4864715)
alternative location
http://www.circle.lu.se/upload/CIRCLE/workingpapers/201429_Borras_Edquist.pdf
date added to LUP
2014-12-17 15:15:21
date last changed
2016-04-16 09:07:39
@misc{9a813827-0d56-4257-b7c9-36789b09c5c7,
  abstract     = {Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.},
  author       = {Borrás, Susana and Edquist, Charles},
  keyword      = {Innovation system,innovation policy,knowledge production,R&D,universities,innovation policy instruments,institutions,institutional change},
  language     = {eng},
  pages        = {22},
  publisher    = {ARRAY(0xa169478)},
  title        = {Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design},
  year         = {2014},
}