We study the impact of alternative innovation policies on the short- and long-run performance of the economy, as well as on public finances, extending the Schumpeter meeting Keynes agent- based model (Dosi et al., 2010). In particular, we consider market-based innovation policies such as R&D...

Erweiterte Version eines Berichts an die britische Regierung über die Notwendigkeit von mehr staatlichen Initiativen zur Wirtschaftsförderung und gegen den Subventionsabbau. Widerlegt werden soll das Vorurteil eines trägen Staates (Private Sector Myths) an zahlreichen Beispielen aus...

The paper considers the direct, strategic investments that have been made by international public institutions creating and shaping (not only fixing) green technology. It builds on the key themes found in the The Entrepreneurial State: debunking public vs. private sector myths

Today, countries around the world are seeking “smart” innovation-led growth, and hoping that this growth is also more “inclusive” and “sustainable” than in the past. This paper argues that such a feat requires rethinking the role of government and public policy in the economy — not...