Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design
(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:
https://lup.lub.lu.se/record/4864715
- author
- Borrás, Susana LU and Edquist, Charles LU
- organization
- publishing date
- 2014
- type
- Working paper/Preprint
- 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
- 2016-04-04 11:21:25
- date last changed
- 2018-11-22 14:27:53
@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}},
keywords = {{Innovation system; innovation policy; knowledge production; R&D; universities; innovation policy instruments; institutions; institutional change}},
language = {{eng}},
note = {{Working Paper}},
publisher = {{Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE)}},
title = {{Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design}},
url = {{http://www.circle.lu.se/upload/CIRCLE/workingpapers/201429_Borras_Edquist.pdf}},
year = {{2014}},
}