Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212241 
Authors: 
Year of Publication: 
2013
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 1/2013
Publisher: 
Bank of Finland, Helsinki
Abstract: 
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and compares the existing policy tools, paying particular attention to the Finnish innovation policy environment.
Subjects: 
Innovation policies
innovation
R&D
incentives
market failures
JEL: 
O38
O34
O31
G28
H25
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-000-0
Document Type: 
Working Paper

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