What are the long-run economic and policy consequences of wide-spread blockchain technology adoption? We examine the structural economic effects of this institutional innovation as disintermediation in markets, dehierarchicalisation of organisations, and growing private provision of economic...

The EU General Data Protection Regulation (GDPR) is a wide ranging personal data protection regime of greater magnitude than any similar regulation previously in the EU, or elsewhere. In this paper, we outline how the GDPR impacts the value of data held by data collectors before proposing some...

Innovation policy has developed along two broad fronts: market failure and systems failure. Both focus on investing in innovation (solving a market incentive problem) and building infrastructure for innovation (solving an institutional coordination problem). But an alternative approach to...

In this paper we introduce RegData Australia (RDAU1.0) and present some preliminary and comparative findings using this new panel. RDAU1.0 applies the RegData method to create a unique Australian database that extends from 1997 to 2012. RegData uses text analysis to quantify restrictive clauses...

In modern innovation economics, the underlying economic problems are market failure in private investment in new ideas, along with the coordination problems and the disruptive consequences of innovation. Innovation policy addresses the innovation problem with government action. Drawing upon the...

This paper examines how national innovation policies strategically interact to form emergent de facto global innovation policies from the perspective of seven distinct economic models. We consider the case for a global coordinating institute – a World Innovation Organization – to address the...

A basic tenet of ecological economics is that economic growth and development are ultimately constrained by environmental carrying capacities. It is from this basis that notions of a sustainable economy and of sustainable economic development emerge to undergird the 'standard model' of...