Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design

Susana Borrás, Charles Edquist

    Research output: Working paperResearch

    Abstract

    Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.
    Original languageEnglish
    Place of PublicationLund
    PublisherCentre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University
    Number of pages20
    Publication statusPublished - Dec 2014
    SeriesPapers in Innovation Studies
    Number2014/29

    Cite this

    Borrás, S., & Edquist, C. (2014). Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design. Lund: Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University. Papers in Innovation Studies, No. 2014/29
    Borrás, Susana ; Edquist, Charles. / Institutions and Regulations in Innovation Systems : Effects, Problems and Innovation Policy Design. Lund : Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University, 2014. (Papers in Innovation Studies; No. 2014/29).
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    abstract = "Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.",
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    Borrás, S & Edquist, C 2014 'Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design' Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University, Lund.

    Institutions and Regulations in Innovation Systems : Effects, Problems and Innovation Policy Design. / Borrás, Susana; Edquist, Charles.

    Lund : Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University, 2014.

    Research output: Working paperResearch

    TY - UNPB

    T1 - Institutions and Regulations in Innovation Systems

    T2 - Effects, Problems and Innovation Policy Design

    AU - Borrás, Susana

    AU - Edquist, Charles

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    AB - Institutions (including regulations) are constitutive elements of innovation systems, and therefore cornerstones of innovation policy. Focusing on (soft and hard) regulation, the paper identifies the most salient regulatory areas from the perspective of the innovation system. When asking about the effects of regulation on innovation, the paper argues that there are three key issues that need careful empirical analysis; namely, whether regulation is effective and efficient in terms of reducing uncertainty and generating incentives, whether it is able to generate ultimately wider social benefits for the innovativeness of the society at large; and the extent to which regulation is adapting to new (social, economic and technological) contexts and is socially legitimate and accepted. These are potentially the three problems that innovation policy needs to address in this area. This provides guidance for the design and re-design of innovation policy, so that policy makers may analyse empirically the social dynamics actually generated by regulation rather than simply assuming deductively their effects.

    KW - Innovation system

    KW - Innovation policy

    KW - Knowledge production

    KW - R&D

    KW - Universities

    KW - Institutions

    KW - Institutional change

    M3 - Working paper

    T3 - Papers in Innovation Studies

    BT - Institutions and Regulations in Innovation Systems

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    Borrás S, Edquist C. Institutions and Regulations in Innovation Systems: Effects, Problems and Innovation Policy Design. Lund: Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE). Lund University. 2014 Dec.