Rooking the state

Lucas, David S.; Fuller, Caleb S.; Piano, Ennio E.

doi:10.1016/j.irle.2018.02.001

Cited by 7 publications

(1 citation statement)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The net result was therefore an increase, not a decrease, in the number of cobras. While this anecdote has been questioned, other examples of such behavior exist (Lucas et al, 2018). Therefore, when a policy is implemented, it must be designed in such a way that it creates incentives for productive rather than unproductive or even destructive entrepreneurship (Baumol, 1990).…”

Section: Common Forms Of Political Failurementioning

confidence: 99%

Political Failures in Innovation Policy: A Cautionary Note

Kärnä

Karlsson

Svensson³

et al. 2020

SSRN Journal

View full text Add to dashboard Cite

Within the field of innovation studies, researchers have identified several market failures that hamper investment in R&D, innovation and growth in a market economy. Several policies such as government subsidies, tax deductions, soft loans, and public venture capital provided to firms that pursue R&D have therefore been recommended by researchers, in addition to regulations to increase the quality and standards of goods and services. Less attention has been paid to government failures in cases where a policy fails to achieve its stated goal, often due to conflicts between the interests of special interest groups and the public. This paper discusses the concept of government failure within an innovation policy context and why this perspective is important for policy design since it is likely that policies that aim to reduce market failures could suffer from political failures. A text analysis of all papers published in 5 leading innovation journals between 2010 and 2019, a total of 5,526 papers, indicates a lack of research about government failures, which could lead to recommendations from researches to policymakers not being successful due to political failures.

show abstract

Section: Common Forms Of Political Failurementioning

confidence: 99%