In the modern conditions of the post-COVID world, the transformation of the world economy in the framework of the transition to the post-industrial paradigm, and the economy of "knowledge", the national innovation system (NIS) plays a leading role in the formation of competitive sectors of any...

Although many recent contributions have directly analysed the different types of failures that might affect the systems of innovation, it is still quite unclear how the system-failures framework can be applied at the regional level. This paper tries to fill this gap and in particular it...

Observing the CEE members of the EU (EU10 countries) from a distance, they certainly used to share major structural similarities given their historical legacies, as well as certain ‘unifying’ effects of their transition to market economy and democracy. Yet, a closer look reveals important...

Forward-looking activities (FLAs) can influence innovation systems in various ways to a significant extent. This paper focuses on changes induced by FLAs in the innovation policy governance sub-systems (IPGSs) of the national innovation system. Our knowledge is surprisingly limited even on this...

Innovation policy is normally evaluated from the welfare perspective of market failure, and therefore focuses on social benefits. This paper adapts the Djankov et al. (2003) model of comparative social costs associated with any institution to analyse the specific institutions of innovation...

This paper starts with a review of the literature about National Systems of Innovation (NSI), by linking the origin of the concept to the evolutionary theory of the firm and innovation. The first point reviews the flaws of the NSI concept by looking at the pioneering works of Chris Freeman,...

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 objective of the PICK-ME (Policy Incentives for Creation of Knowledge -- Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make...

The aim of this study is to show regional differences as local effects of foreign investments in the dual economy of Hungary. We first introduce three knowledge functions (knowledge exploitation, knowledge exploration, and organizational control) of innovation systems. These functions are...

We propose a new co-evolutionary computational two-sector approach to the design of national innovation policy that recognizes the importance of inter-sectoral absorptive capacity constraints in innovation linkages between sectors in an economy. We show how the innovative capacity of an upstream...