Innovation Policy in Hard Times: Lessons from the Nordic Countries
(2012) In European Planning Studies 20(9). p.1455-1468- Abstract
- The current economic crisis has so far mostly triggered short-term responses like corporate bailouts and rescue packages for ailing industries. This indicates that the crisis has been constructed as an event, a "great recession", primarily caused by governance failures in the financial sector. However, it may also be interpreted as a more fundamental crisis of the economic growth model as such, calling for a broad-ranged overhaul of policies for economic growth and employment, entailing a more pivotal role for innovation policy. This paper analyses the preconditions for such radical policy changes. The economic crisis of the Finnish and Swedish economies in the early 1990s was countered by a three-layered transformation of public policies,... (More)
- The current economic crisis has so far mostly triggered short-term responses like corporate bailouts and rescue packages for ailing industries. This indicates that the crisis has been constructed as an event, a "great recession", primarily caused by governance failures in the financial sector. However, it may also be interpreted as a more fundamental crisis of the economic growth model as such, calling for a broad-ranged overhaul of policies for economic growth and employment, entailing a more pivotal role for innovation policy. This paper analyses the preconditions for such radical policy changes. The economic crisis of the Finnish and Swedish economies in the early 1990s was countered by a three-layered transformation of public policies, comprising macroeconomic stringency, renovations of social and employment policies, and massive investments in public innovation support. The institutional preconditions for such layered policy responses are discussed and some implications for contemporary crisis policy are presented. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3146706
- author
- Benner, Mats LU
- organization
- publishing date
- 2012
- type
- Contribution to journal
- publication status
- published
- subject
- in
- European Planning Studies
- volume
- 20
- issue
- 9
- pages
- 1455 - 1468
- publisher
- Taylor & Francis
- external identifiers
-
- wos:000308703000003
- scopus:84866335587
- ISSN
- 1469-5944
- DOI
- 10.1080/09654313.2012.709061
- language
- English
- LU publication?
- yes
- id
- 05a23b6e-9a6f-4d3c-a3ad-7e041763b0b6 (old id 3146706)
- date added to LUP
- 2016-04-01 10:05:39
- date last changed
- 2022-01-25 19:34:33
@article{05a23b6e-9a6f-4d3c-a3ad-7e041763b0b6,
abstract = {{The current economic crisis has so far mostly triggered short-term responses like corporate bailouts and rescue packages for ailing industries. This indicates that the crisis has been constructed as an event, a "great recession", primarily caused by governance failures in the financial sector. However, it may also be interpreted as a more fundamental crisis of the economic growth model as such, calling for a broad-ranged overhaul of policies for economic growth and employment, entailing a more pivotal role for innovation policy. This paper analyses the preconditions for such radical policy changes. The economic crisis of the Finnish and Swedish economies in the early 1990s was countered by a three-layered transformation of public policies, comprising macroeconomic stringency, renovations of social and employment policies, and massive investments in public innovation support. The institutional preconditions for such layered policy responses are discussed and some implications for contemporary crisis policy are presented.}},
author = {{Benner, Mats}},
issn = {{1469-5944}},
language = {{eng}},
number = {{9}},
pages = {{1455--1468}},
publisher = {{Taylor & Francis}},
series = {{European Planning Studies}},
title = {{Innovation Policy in Hard Times: Lessons from the Nordic Countries}},
url = {{http://dx.doi.org/10.1080/09654313.2012.709061}},
doi = {{10.1080/09654313.2012.709061}},
volume = {{20}},
year = {{2012}},
}