The Art of Encouraging Invention: A New Approach to Government Innovation Policy


Governments now widely recognize that long-term economic growth hinges on a country's ability to adopt and develop new technology. To stimulate technological capability most countries therefore maintain extensive subsidy systems to stimulate innovation in private firms. Economic analysis of the effectiveness of these subsidy systems has been sparse.

The empirical and theoretical research presented in this book indicates that the subsidy systems that are most common today are not the most effective ones. In many cases it is even questionable whether these programs are worthwhile from a social point of view. This is exacerbated by the fact that subsidizing agencies rarely measure the effectiveness of their programs.

From the analysis policy proposals emerge concerning the design of subsidy systems, evaluation methods and project selection techniques.

This book addresses policy advisers and researchers in the field of the economics of technological change. It will undoubtedly influence the design of technology policy in coming years. 

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

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The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se