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Systems of Innovation and the Innovation process: A literature review

Mahmud, Nebil LU (2011) EKHR23 20111
Department of Economic History
Abstract
This paper deals with how the emerging strand of theorizing –
systems of innovation – interprets the determinants of the rate and direction of the innovation process and its implications for policy measures therein. The immense impact technical change has had on economic growth in the past roughly 200 years has demanded an overdue attention since the second half of the twentieth century.And now as we are moving towards the so called "knowledge based‟ economy of the twenty first century knowing about the dynamics of the innovative process becomes a necessity for firms, researchers as well as policy makers. The emerging strand of theorizing – systems of innovation – tries to ... (More)
This paper deals with how the emerging strand of theorizing –
systems of innovation – interprets the determinants of the rate and direction of the innovation process and its implications for policy measures therein. The immense impact technical change has had on economic growth in the past roughly 200 years has demanded an overdue attention since the second half of the twentieth century.And now as we are moving towards the so called "knowledge based‟ economy of the twenty first century knowing about the dynamics of the innovative process becomes a necessity for firms, researchers as well as policy makers. The emerging strand of theorizing – systems of innovation – tries to explain the nature, rate and direction of technical change by putting knowledge and learning at its core. As such this paper conducts a broad literature review in order to examine the key assumptions behind the systems of innovation approach. And identify the rationales behind justification for government intervention and the policy implications therein. It is found that the systems of innovation approach, while it has advantages over its predecessors, it still lacks specificity and
rigor. (Less)
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author
Mahmud, Nebil LU
supervisor
organization
course
EKHR23 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Innovation, Innovation processes, Economic growth, Systems of innovation, Science policy, Technology Policy, Innovation policy.
language
English
id
2025461
date added to LUP
2011-07-07 10:37:17
date last changed
2011-07-07 10:37:17
@misc{2025461,
  abstract     = {This  paper  deals  with  how  the  emerging  strand  of  theorizing  – 
systems of innovation – interprets the determinants of the rate and direction of  the  innovation process and  its  implications  for policy measures  therein. The  immense  impact  technical  change  has  had  on  economic  growth  in  the past roughly 200 years has demanded an overdue attention since  the second half  of  the  twentieth  century.And  now  as we  are moving  towards  the  so called "knowledge based‟ economy of the twenty first century knowing about the  dynamics  of  the  innovative  process  becomes  a  necessity  for  firms, researchers  as well  as  policy makers. The  emerging  strand  of  theorizing – systems  of  innovation –  tries  to  explain  the  nature,  rate  and  direction  of technical change by putting knowledge and  learning at  its core. As such this paper  conducts  a  broad  literature  review  in  order  to  examine  the  key    assumptions  behind  the  systems  of  innovation  approach.  And  identify  the rationales  behind  justification  for  government  intervention  and  the  policy implications  therein.  It  is  found  that  the  systems  of  innovation  approach, while  it  has  advantages  over  its  predecessors,  it  still  lacks  specificity  and 
rigor.},
  author       = {Mahmud, Nebil},
  keyword      = {Innovation,Innovation processes,Economic growth,Systems of 
innovation,Science policy,Technology Policy,Innovation policy.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Systems of Innovation and the Innovation process: A literature review},
  year         = {2011},
}