Tag: innovation

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

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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 …

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Article summary – Introduction by Lundvall to National Systems of Innovation

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Lundvall B-åke. Introduction. In: Lundvall B-Å, ed. National Systems of Innovation: Toward a Theory of Innovation and Interactive Learning. Anthem Press; 2010:1-20. doi:10.7135/UPO9781843318903.002 Definition of National Systems of Innovation (NSI): NSI involves elements and relationships that interact in the creation, diffusion, and use of new, economically useful knowledge within or rooted in a nation state. …

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Article summary – “Systems of innovation” by Edquist

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Edquist, Charles, ' Systems of Innovation: Perspectives and Challenges', in Jan Fagerberg, and David C. Mowery (eds), The Oxford Handbook of Innovation (2006; online edn, Oxford Academic, 2 Sept. 2009), https://doi.org/10.1093/oxfordhb/9780199286805.003.0007, accessed 16 Jan. 2024. Origins and Definitions of National Systems of Innovation (NSI): The term NSI was first used by Freeman in 1987 to describe a network of public and private institutions …

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

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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 …

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Article summary – Richard Nelson’s “What Enables Rapid Economic Progress: What Are the Needed Institutions?”

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Nelson, Richard R. (2008). What Enables Rapid Economic Progress: What Are the Needed Institutions? Research Policy, 37(1), 1-11. Introduction Central Thesis: The article explores the vital role of institutions in economic growth, especially in relation to technological progress. Background: Critiques prior economic growth literature for its narrow focus on institutional efficiency, neglecting the critical aspect …

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Article summary – Wynn, Liu & Cohen “Quantifying the Economy‐wide Returns to Innovation for Australia”

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Wynn, Katherine, Mingji Liu, and Jasmine Cohen. “Quantifying the Economy‐wide Returns to Innovation for Australia.” Australian economic papers 61.3 (2022): 591–614. Web. R&D Expenditure in Australia: Australia's R&D expenditure as a share of GDP is lower than the OECD average and has been declining over the past decade. This is significant given that a quarter …

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Article Summary – Lewis & Mikolajczak “Policy innovation in Australia: Divergence in definitions, problems, and solutions”

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Lewis, J. M., & Mikolajczak, G. (2023). Policy on innovation in Australia: Divergence in definitions, problems, and solutions. Australian Journal of Public Administration, 82, 26–45. https://doi.org/10.1111/1467-8500.12575 Historical Context: Innovation has long been associated with the private sector, but the role of governments, including in Australia, has evolved to become more central in fostering innovation. Changing …

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Article summary – A Toolkit of policies to promote innovation by Bloom, Van Reenan and Williams

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Bloom, Nicholas, John Van Reenen, and Heidi Williams. 2019. "A Toolkit of Policies to Promote Innovation." Journal of Economic Perspectives, 33 (3): 163-84.DOI: 10.1257/jep.33.3.163 Overview Context: The US, since the 1970s, has seen a persistent slowdown in productivity growth, mirrored in other developed countries. This trend is accompanied by stagnant real wage growth and rising wage inequality. Purpose: The …

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Chapter summary – “Tax Policy for Innovation” in Innovation and Public Policy

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Hall, Bronwyn H. (ed.), 'Tax Policy for Innovation', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0006, accessed 17 Dec. 2023. 1. Impact of Taxation on Innovation: Main Idea: Taxes affect how much companies and individuals innovate. Higher taxes can lead to less innovation. Study by Akcigit et al. (2018): This research found that in the …

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DPhil Reading list

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1.         Foundations of Innovation Economics a)          Technology, Innovation, and Evolutionary Theory Fagerberg J., “Innovation: a guide to the literature” in Fagerberg J. Mowery D. Nelson R. (ed) Handbook of innovation Oxford University Press 2004. Malerba F. Brusoni S. "Perspectives on innovation" Cambridge University Press Cambridge 2007. Hall B. Rosenberg N. "Handbook of the Economics of …

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