Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in 'Stig Systems'

34 Pages Posted: 18 Oct 2008

See all articles by Philippe Aghion

Philippe Aghion

College de France and London School of Economics and Political Science, Fellow; 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)

Dominique Foray

Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI)

Date Written: October 16, 2008

Abstract

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.

JEL Classification: O1, O2, O3, D50, E61

Suggested Citation

Aghion, Philippe and David, Paul A. and Foray, Dominique, Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in 'Stig Systems' (October 16, 2008). Available at SSRN: https://ssrn.com/abstract=1285612 or http://dx.doi.org/10.2139/ssrn.1285612

Philippe Aghion (Contact Author)

College de France and London School of Economics and Political Science, Fellow ( email )

London
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Paul A. David

Stanford University - Department of Economics ( email )

Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
650 723-3710 (Phone)
650 725-5702 (Fax)

HOME PAGE: http://www-econ.stanford.edu/faculty/

University of Oxford - All Souls College ( email )

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Oxford, Oxon. OX1 4AL
United Kingdom
44 (0)1865 279299 (Phone)
44 (0)1865 279313 (Fax)

UNU-MERIT (Maastricht) ( email )

Keizer Karel Plein 19
Maastricht, TC 6211
Netherlands

HOME PAGE: http://ccg.merit.unu.edu/

Dominique Foray

Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI) ( email )

Odyssea
Station 5
Lausanne, 1015
Switzerland

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