2016

An Innovation Policy Framework: Bridging the Gap Between Industrial Dynamics and Growth

Reprint No. 2016:8

Author(s): Pontus Braunerhjelm and Magnus HenreksonYear: 2016 Title: Essays in Public Sector Entrepreneurship Chapter: 4Editor(s): David B. Audretsch and Albert N. LinkPublisher: SpringerCity: New York Pages: 95–130
Online article (restrictions may apply)
Preliminary version


Innovation is increasingly considered the key to elevating prosperity and securing sustainable long-term growth. The last few decades have also witnessed a refi nement of previous growth models to include investments in education by individuals and R&D by fi rms. Better educated individuals and increased expenditure on R&D are shown to result in increased innovation and accelerated growth in endogenous growth models. This fi nding has spurred policy makers, most recently the OECD, the European commission, and other organizations, to design innovation strategies to meet future growth and welfare challenges. Such strategies have also trickled down to the country level.


Reference:
Braunerhjelm, Pontus and Magnus Henrekson (2016), "An Innovation Policy Framework: Bridging the Gap Between Industrial Dynamics and Growth". Chapter 4, pp. 95–130 in David B. Audretsch and Albert N. Link, eds., Essays in Public Sector Entrepreneurship . New York: Springer.

Magnus Henrekson

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