Handbook of Innovation Policy Impact

Handbook of Innovation Policy Impact

Eu-SPRI Forum on Science, Technology and Innovation Policy series

Edited by Jakob Edler, Paul Cunningham, Abdullah Gök and Philip Shapira

Innovation underpins competitiveness, is crucial to addressing societal challenges, and its support has become a major public policy goal. But what really works in innovation policy, and why? This Handbook, compiled by leading experts in the field, is the first comprehensive guide to understanding the logic and effects of innovation polices. The Handbook develops a conceptualisation and typology of innovation policies, presents meta-evaluations for 16 key innovation policy instruments and analyses evidence on policy-mix. For each policy instrument, underlying rationales and examples are presented, along with a critical analysis of the available impact evidence. Providing access to primary sources of impact analysis, the book offers an insightful assessment of innovation policy practice and its evaluation.

Chapter 18: Conclusions: Evidence on the effectiveness of innovation policy intervention

Jakob Edler, Philip Shapira, Paul Cunningham and Abdullah Gök

Subjects: business and management, organisational innovation, economics and finance, economics of innovation, innovation and technology, economics of innovation, innovation policy, organisational innovation

Abstract

This concluding chapter synthesises the main findings and insights from the study of available evidence on the effectiveness of innovation policy intervention as presented in the Handbook. It begins by reminding the reader of the overall concept of innovation policy and impact followed throughout the Handbook. It then highlights key findings from the evidence on the effectiveness of the range of innovation policy instruments. It discusses overall lessons regarding the effectiveness and impacts of these innovation support measures. In addition, the concluding chapter offers observations and insights about the state of evidence on the effectiveness of policies in this domain, including considerations of evaluation methods, approaches and gaps. This provides a basis for deliberation on improved policy design and implementation, as well as concluding thoughts about evaluation and the production of evidence more broadly to support innovation policy making in the future.

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