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Bureaucrats or Markets in Innovation Policy?

PublikationBok
Christian Sandström, Financing of Innovations, Innovation, Innovationspolitik, Karl Wennberg, Nils Karlson
Bureaucrats or Markets in Innovation
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Sammanfattning

How can innovation best be promoted? Based on a major interdisciplinary research program with a special focus on Sweden, paired with international research, this book shows that targeted interventions and firm subsidies do not have the intended effects but instead creates policy failures, government waste and rent-seeking. Instead, innovation policy should focus on supplying the right competencies and on improving the institutions of the market economy and the general conditions for enterprise.

Markets rather than bureaucrats are decisive for innovation, industrial development and growth.

Sandström, C., Wennberg, K. & Karlson, N. (2019). Bureaucrats or Markets in Innovation Policy? Stockholm: Ratio.


Liknande innehåll

The Entrepreneurial Story and its Implications for Research
Artikel (med peer review)Publikation
Brattström, A., & Wennberg, K.
Publiceringsår

2022

Publicerat i

Entrepreneurship theory and practice, 46(6), 1443-1468.

Sammanfattning

Research is not merely report-writing; it also involves elements of storytelling. In this essay, we reflect on two narrative archetypes in entrepreneurship research: the stories of entrepreneurship as a road to salvation and means to emancipation. We outline a framework to analyze research from a storytelling perspective, apply this framework to identify implicit assumptions and methodological biases in mainstream research, and discuss how a storytelling framework can be used to generate alternative stories. We argue for a more empirically grounded research agenda that continues the development of entrepreneurship research into a rich and diverse field.

Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?
BokkapitelPublikation
Bergkvist, J. E., Moodysson, J., & Sandström, C.
Publiceringsår

2022

Publicerat i

Questioning the Entrepreneurial State, 201.

Sammanfattning

There has been a shift in innovation policy in recent years toward more focus on systemic transformation and changed directionality. In this chapter, we describe a collection of challenges that such policies need to address. Based on a review of dominant frameworks regarding socio-technical transitions, we compare these theories with examples of innovation policy in different countries. Systemic transformation across an economy usually requires a process of creative destruction in which new competencies may be required, actors need to be connected in novel ways, and institutions may need to be changed. Our empirical illustrations show that support programs and initiatives across Europe do not always seem to result in such a process, as they include mechanisms favoring large, established firms and universities. These actors have often fine-tuned their activities and capabilities to the existing order, and therefore have few incentives to engage in renewal. As the incumbent actors also control superior financial and relational resources, there is a risk that they captivate innovation policies and thus reinforce established structures rather than contributing to systemic transformation.

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