The Assessment: The Economics of Technology Policy

Stoneman, Paul; Vickers, John

doi:10.1093/oxrep/4.4.1-a

Cited by 40 publications

(22 citation statements)

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“…It broadens the traditional additionality concepts by investigating whether policy intervention has led the actors to become more involved in STI-activities. It also assesses whether there have been permanent changes in the conduct of a company, especially in the institutionalization of any 1 ) An overview on the traditional neoclassical rationales for STI-policy is given, for instance, in Stoneman and Vickers (1988) and Sundbo (1998).…”

Section: Introductionmentioning

confidence: 99%

Measuring the Effects of Public Support Schemes on Firms' Innovation Activities. Survey Evidence from Austria

Falk¹

2006

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Abstract:This paper discusses conceptual frameworks for measuring the effects of innovation policy and begins with applying conventional descriptive methods to explore how firms rate and rank the merits of public intervention. Based on survey data from some 1200 Austrian firms we then challenge the hypothetical survey question ("What would you have done if public support was denied?") by comparing the respective answers with changes that actually occurred when public assistance was refused. This is a contribution to the ongoing literature as is the attempt to relate any of the observed additionalities to the firms' characteristics, their perceived barriers to innovation and the degree they make use of the public support system. The effects of policy interventions prove to be cumulative in a dual sense. On the one hand, our results confirm the well-known notion that large firms make the best use of funds. On the other hand, substantial changes in the way a company undertakes R&D&I-related activities appear to only result from multiple policy interventions of different kinds. While supported firms tend to immediately increase their resources devoted to innovation projects, the result-based concepts of additionality only come into effect once a threshold level of intervention has been reached. Acknowledging that a public innovation support system already incentivises potential beneficiaries to change their innovation-related behaviour, and that eventual success in terms of outcomes does not arise from some discrete support measure, but from the synergies of multiple policy action, we conclude that future work should focus more on the evaluation of portfolios of programmes and their interactions. JEL: C25, C42, H50, O31

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Section: Introductionmentioning

confidence: 99%

Measuring the Effects of Public Support Schemes on Firms' Innovation Activities. Survey Evidence from Austria

Falk¹

2006

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“…However, there is a risk that the developed product will only meet idiosyncratic demand so that further sales in the market will be limited. This might especially be the case of military demand, as stated, e.g., by Stoneman (1987), Lichtenberg (1989) or James (2004). In addition, the risk that the R&D project will fail…”

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confidence: 98%

Innovation on Demand - Can Public Procurement Drive Market Success of Innovations

Aschhoff

Sofka

2008

SSRN Journal

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“…There is wide acceptance of the case for government involvement in the development of technology and in technology change in developing countries, given the many and obvious reasons for market failure (Stoneman and Vickers, 1998). However, Geroski (1990) warns that there is a tendency for the public sector to end up financing second-best projects, especially those seen to be of national prestige.…”

Section: Governmentmentioning

confidence: 99%

The Status of B2B e-Commerce in the South African Manufacturing Sector: Evolutionary or Revolutionary?

Moodley

2002

SAJIC

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The Assessment: The Economics of Technology Policy

Cited by 40 publications

References 0 publications

Measuring the Effects of Public Support Schemes on Firms' Innovation Activities. Survey Evidence from Austria

Measuring the Effects of Public Support Schemes on Firms' Innovation Activities. Survey Evidence from Austria

Innovation on Demand - Can Public Procurement Drive Market Success of Innovations

The Status of B2B e-Commerce in the South African Manufacturing Sector: Evolutionary or Revolutionary?

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