Innovation: Market Failures and Public Policies

Bryan, Kevin; Williams, Heidi

doi:10.3386/w29173

Cited by 7 publications

(5 citation statements)

References 344 publications

(458 reference statements)

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“…The policy response to these market failures has been a combination of tax incentives, grants, and favorable finance (Bryan and Williams 2021). The recent mechanism design literature has proposed a set of optimal policies that tailor the size of subsidy and the cost of finance depending on the size of spillovers and externalities and the extent of moral hazard or adverse selection (Lach, Neeman, and Schankerman 2021).…”

Section: Identify Market Failuresmentioning

confidence: 99%

Bridging the Technological Divide: Technology Adoption by Firms in Developing Countries

Cirera¹,

Comín²,

Cruz³

2022

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Some rights reserved 1 2 3 4 25 24 23 22 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Identify Market Failuresmentioning

confidence: 99%

Bridging the Technological Divide: Technology Adoption by Firms in Developing Countries

Cirera¹,

Comín²,

Cruz³

2022

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“…We consider two important reasons for this phenomenon: one is that the research topic of innovation convergence has significant economic properties; the other is that the methods used to analyze the problem of innovation convergence have only become more diverse in recent years. As we discussed in the Introduction section, the innovation factor (or technological factor) plays a crucial role in various economic growth theories (Bryan and Williams, 2021). Under this consensus, although economists have shifted their attention from the issue of economic growth convergence to innovation convergence, they are still essentially considering the important impact of innovation convergence on economic growth convergence.…”

Section: Mainstream Journal Analysismentioning

confidence: 99%

“…The basic condition for achieving economic convergence between different economies under the framework of the neoclassical economic growth theory is the convergence of technological innovation levels; otherwise, the economic growth of different economies will only reach their respective steady-state levels (Jungmittag, 2006). In fact, both the neoclassical economic growth theory, the endogenous economic growth theory and the Neo-Schumpeterian theory all emphasize the irreplaceable importance of innovation in economic growth and believe that economic growth is a function of innovation (Bryan and Williams, 2021). In the endogenous growth theory, technological progress is endogenous and is the decisive factor of economic growth (Romer, 1986(Romer, , 1990.…”

Section: Introductionmentioning

confidence: 99%

A bibliometric analysis on innovation convergence

Cui

Tang

Zhang

et al. 2022

LHT

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PurposeInnovation convergence is critical to national or regional economic growth patterns. This article provides a systematic review of innovation convergence research through qualitative discussions combined with bibliometric methods. Through this article, researchers interested in the field of innovation convergence can quickly understand the development of the field, quickly identify authors and publications with significant impact, and collaborative networks in the field.Design/methodology/approachThis article is based on the relevant literature included in the WOS database from 1990 to 2021, using Citespace, Gephi and other software to conduct a systematic bibliometric analysis of the research in the new convergence field.FindingsThis research shows that the second half of the twentieth century was a boom period for research on economic convergence. 2. The subject foundation of innovation convergence research mainly includes mathematics, economics, political science and computational science. 3. The journals that publish research in this field are widely distributed, including the fields of economics, natural sciences and complex sciences. 4. The research in the field of innovation convergence is inseparable from the research in the field of economic growth.Originality/valueThis study may help others to understand the development history and research trends of the innovation convergence field, as well as the literature and cooperative scientific research institutions that have an important influence.

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“…First, recent surveys on the economics of innovation and innovation policies largely ignore the role of public procurement. Bloom et al (2019) and Bryan and Williams (2021) discuss evidence on instruments such as tax incentives, intellectual property rights, competition and labor market policies, and research grants. However, they only consider (in a tangential manner) procurement programs that are similar to grants (such as the US Small Business Innovation Research Program).…”

Section: Introductionmentioning

confidence: 99%