Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in 'Stig Systems'
Harvard University - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)
Paul A. David
Stanford University - Department of Economics; University of Oxford - All Souls College; UNU-MERIT (Maastricht)
Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI)
October 16, 2008
This paper reflects on the relevance of systems - theoretic approaches to the interdependent policy issues relating to the dynamics of science, technology and innovation and their relationship to economic growth. Considering the approach that characterizes much of the current economics literature's treatment of technology and growth policies, we pose the critical question: what kind of systems paradigm is likely to prove particularly fruitful in that particular problem-domain? Evolutionary, neo-Schumpeterian, and complex system dynamics approaches are conceptually attractive, and we examine their respective virtues and limitations. Both qualities are readily visible when one tries to connect systems - relevant research with practical policy-making in this field.
Number of Pages in PDF File: 34
JEL Classification: O1, O2, O3, D50, E61working papers series
Date posted: October 18, 2008
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