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Macroeconomic Modelling Of And Innovation Policies International Economic

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Published in Macroeconomic Modelling Of R D And Innovation Policies (International Economic Association Series)

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Macroeconomic Modelling of R&D and Innovation Policies (International Economic Association Series)

by Mark Dawson

4.7 out of 5

Language	:	English
File size	:	15376 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	302 pages

This book provides a comprehensive overview of the macroeconomic modelling of innovation policies. It covers a wide range of topics, including the theoretical foundations of innovation policy, the empirical evidence on the effectiveness of innovation policies, and the policy implications of the research.

The Theoretical Foundations of Innovation Policy

The theoretical foundations of innovation policy are based on the idea that innovation is a key driver of economic growth. Innovation can lead to new products and services, which can increase productivity and create jobs. It can also lead to new processes and technologies, which can reduce costs and improve efficiency.

The government can play a role in promoting innovation by providing financial support to research and development, by creating tax incentives for innovation, and by providing other forms of support, such as training and technical assistance.

The Empirical Evidence on the Effectiveness of Innovation Policies

The empirical evidence on the effectiveness of innovation policies is mixed. Some studies have found that innovation policies can lead to increased economic growth, while other studies have found no such effect.

The effectiveness of innovation policies is likely to depend on a number of factors, such as the specific policy design, the economic context, and the institutional environment.

The Policy Implications of the Research

The research on the macroeconomic modelling of innovation policies has a number of implications for policy makers. First, it suggests that innovation policies can be an effective tool for promoting economic growth.

Second, it suggests that the effectiveness of innovation policies is likely to depend on a number of factors, such as the specific policy design, the economic context, and the institutional environment.

Third, it suggests that policy makers should consider a range of innovation policies, rather than relying on a single policy instrument.

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