Government Support for Commercial R&D: Lessons from the Israeli Experience
2002; University of Chicago Press; Volume: 2; Linguagem: Inglês
10.1086/653755
ISSN1537-2618
Autores Tópico(s)Regional Development and Policy
ResumoPrevious articleNext article FreeGovernment Support for Commercial R&D: Lessons from the Israeli ExperienceManuel TrajtenbergManuel TrajtenbergPDFPDF PLUSAbstract Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreAbstractIsrael constitutes an interesting "laboratory case" of government intervention in the realm of R&D policy. The recognized scientific and technological prowess of the country was leveraged by extensive government support for commercial R&D projects. R&D policies proved to be highly responsive to changing circumstances, instituting innovative programs such as a government-sponsored fund that jump-started the venture capital market, the technological Incubators program, a program for the support of generic projects conducted by consortia of firms and academia, etc. The Israeli high-tech sector has grown remarkably fast since the mid-1980s, and it is quite likely that government policies significantly contributed to its success. In this paper we review in detail these policies as well as the challenges that confront them: the design of alternative allocation schemes for R&D grants in view of a rigid budget constraint, possible ways of departing from neutrality, the conditionality of production in Israel, the difficulties in setting a policy target for R&D spending, etc. We also lay out the more general issues and possible lessons for other countries that arise from the Israeli case: what should be the policy goal in terms of total resources devoted to R&D, to what extent these policies should target supply vs. demand in the market for R&D inputs, which types of support one can envision in the context of R&D policies, and how these may be affected by international spillovers.DetailsFiguresReferencesCited by Innovation Policy and the Economy Volume 22002 Sponsored by the National Bureau of Economic Research (NBER) Article DOIhttps://doi.org/10.1086/653755 Views: 118 Citations: 19Citations are reported from Crossref Copyright 2002 The National Bureau of Economic Research and the Massachusetts Institute of TechnologyPDF download Crossref reports the following articles citing this article:Halil D. Kaya How Does The Use Of Technology In Entrepreneurial Process Affect Firms' Growth?, SocioEconomic Challenges 5, no.11 (Jan 2021): 5–12.https://doi.org/10.21272/sec.5(1).5-12.2021Stefano Clò, Massimo Florio Science, innovation, and public services: editorial introduction, Journal of Economic Policy Reform 23, no.11 (Oct 2019): 1–15.https://doi.org/10.1080/17487870.2019.1649149I. G. Korotkov The Main Stages of the Formation of Israel National Innovation System in the XX Century, The world of new economy 13, no.44 (Dec 2019): 6–13.https://doi.org/10.26794/2220-6469-2019-13-4-6-13Diego Martínez-López, Manuel Palazuelos-Martínez Breaking with the Past in Smart Specialisation: A New Model of Selection of Business Stakeholders Within the Entrepreneurial Process of Discovery, Journal of the Knowledge Economy 10, no.44 (Jul 2015): 1643–1656.https://doi.org/10.1007/s13132-015-0271-6Dominique Foray On sector-non-neutral innovation policy: towards new design principles, Journal of Evolutionary Economics 29, no.55 (Dec 2018): 1379–1397.https://doi.org/10.1007/s00191-018-0599-8Juan Ricardo Perilla Jimenez Mainstream and evolutionary views of technology, economic growth and catching up, Journal of Evolutionary Economics 29, no.33 (Feb 2019): 823–852.https://doi.org/10.1007/s00191-019-00606-1Maximilian Benner Industrial Policy in the EU and Its Neighbourhood: Learning from Policy Experimentation, Economies 7, no.22 (May 2019): 44.https://doi.org/10.3390/economies7020044Dominique Foray Smart specialisation strategies and industrial modernisation in European regions—theory and practice1, Cambridge Journal of Economics 38 (Oct 2018).https://doi.org/10.1093/cje/bey022Dominique Foray Smart specialization strategies as a case of mission-oriented policy—a case study on the emergence of new policy practices, Industrial and Corporate Change 27, no.55 (Sep 2018): 817–832.https://doi.org/10.1093/icc/dty030Kyriakos Drivas, Claire Economidou, Efthymios G. Tsionas Production of output and ideas: efficiency and growth patterns in the United States, Regional Studies 52, no.11 (Mar 2017): 105–118.https://doi.org/10.1080/00343404.2016.1275536Helge Bremnes, Bjørn G. Bergem, Erik Nesset 2 Is there coherence between policy formulation and implementation of public funding of innovation projects?, (Jun 2016): 31–51.https://doi.org/10.18261/9788215027623-2016-03Shai Harel, Stav Rosenzweig Do Knowledge Signals Predict Startupss Exit and Failure?, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2835182Jonathan Barnett Patent Tigers: The New Geography of Global Innovation, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2842350Mikel Landabaso, Dominique Foray From smart specialisation to smart specialisation policy, European Journal of Innovation Management 17, no.44 (Oct 2014): 492–507.https://doi.org/10.1108/EJIM-09-2014-0096Monica Coffano, Dominique Foray The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy, SCIENZE REGIONALI , no.11 (Feb 2014): 33–50.https://doi.org/10.3280/SCRE2014-001003Sean Forrest Ennis, Vivek Ghosal Global Initiatives in Reforming Rules and Regulations, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1670830Philippe Aghion, Paul A. David, Dominique Foray Science, Technology and Innovation for Economic Growth: Linking Policy Research and Practice in 'Stig Systems', SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1285612Thomas Giebe, Elmar G. Wolfstetter, Tim Grebe How to Allocate R&D (and Other) Subsidies: An Experimentally Tested Policy Recommendation, SSRN Electronic Journal (Jan 2006).https://doi.org/10.2139/ssrn.840465Kim Kaivanto, Paul Stoneman Risk Shifting, Technology Policy and Sales Contingent Claims: When is Launch Aid to the Aerospace Industry a Subsidy?, SSRN Electronic Journal (Jan 2004).https://doi.org/10.2139/ssrn.607201
Referência(s)