Tag: entrepreneurship

Article summary – Webster, “Does Australia Have a ‘National Innovation System?”

On By Richard WilsonIn UncategorizedLeave a comment

Webster, Elizabeth. “Does Australia Have a ‘National Innovation System’?” Australian economic review 42.1 (2009): 84–87. Web. Importance of Innovation: Innovation is essential for increasing productivity, which is achieved through skill enhancement or the discovery and application of knowledge. However, there's a market failure in knowledge creation because its benefits (social benefits) often exceed the private …

Continue reading Article summary – Webster, “Does Australia Have a ‘National Innovation System?”

Article summary – Ács, Autio & Szerb, “National Systems of Entrepreneurship: Measurement Issues and Policy Implications”

On By Richard WilsonIn UncategorizedLeave a comment

Ács, Zoltán J., Autio, Erkko, & Szerb, László. (2014). National Systems of Entrepreneurship: Measurement Issues and Policy Implications. Research Policy, 43(3), 476-494. Entrepreneurship's Role in Economic Development: Entrepreneurs are vital for economic development, introducing change and challenging established industries. Economic benefits of entrepreneurship include innovation, job creation, productivity, technology transfer, and knowledge spillovers. There is …

Continue reading Article summary – Ács, Autio & Szerb, “National Systems of Entrepreneurship: Measurement Issues and Policy Implications”

Summary – “Government incentives” in Innovation and public policy

On By Richard WilsonIn UncategorizedLeave a comment

Lerner, Josh (ed.), 'Government Incentives for Entrepreneurship', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0008, accessed 21 Dec. 2023. Examples where government incentives didn’t workUS Department of Energy's Clean Energy Initiative:Timeframe: 2005-2009, with significant funding post-2009.Investment: $34 billion spent, exceeding total private venture capital in the field.Outcome: A decline in cleantech venture investments from 14.9% …

Continue reading Summary – “Government incentives” in Innovation and public policy

Chapter summary – “Scientific Grant Funding” in Innovation and Public Policy

On By Richard WilsonIn UncategorizedLeave a comment

Azoulay, Pierre, and Danielle Li (eds), 'Scientific Grant Funding', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0005, accessed 13 Dec. 2023. Role of Grants in Research-Funding Ecosystem: Grants are essential in supporting exploratory research, particularly effective when the research is likely to have significant spillovers across domains and over time. They complement other funding mechanisms …

Continue reading Chapter summary – “Scientific Grant Funding” in Innovation and Public Policy

Chapter summary – “Measuring innovation” by Keith Smith in the Oxford Handbook of Innovation

On By Richard WilsonIn UncategorizedLeave a comment

Smith, K. (2009). Measuring Innovation. In J. Fagerberg, D. C. Mowery, & R. R. Nelson (Eds.), The Oxford Handbook of Innovation (pp. 148-178). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199286805.003.0006 Challenge of Measuring Innovation: The paper emphasizes the inherent difficulty in quantifying innovation due to its novel nature. It notes that "Measurement implies commensurability," yet innovation, by its …

Continue reading Chapter summary – “Measuring innovation” by Keith Smith in the Oxford Handbook of Innovation