This paper provides a framework for thinking about innovation policies for development. In such context innovation should be construed as a very broad notion that includes product and in process innovations of various sorts, generated by rank and file workers as much as by R&D labs. The economic rationale for government support of R&D needs to be adapted to the economic environment of developing countries; the notion of spillovers should be reexamined in view of globalization, and the same goes for the working of \u00e2\u20ac\u0153General Purpose Technologies\u00e2\u20ac\u009d (GPTs). The Israeli economy offers a fascinating illustration of great success in innovation, particularly in ICT, yet the benefits from the High Tech sector eluded the rest of the economy, giving rise to a \u00e2\u20ac\u0153dual economy\u00e2\u20ac\u009d. Understanding this outcome provides valuable insights for the design of growth-promoting innovation policies. Lastly, the paper discusses the policy corollaries that emerge from the analysis, and in particular the main levers which innovation policies for development should act upon: skills formation, provision of incentives, access to information, and availability of finance.<\/p>\n","protected":false},"excerpt":{"rendered":"
This paper provides a framework for thinking about innovation policies for development. In such context innovation should be construed as a very broad notion that includes product and in process innovations of various sorts, generated by rank and file workers as much as by R&D labs. The economic rationale for government support of R&D needs […]<\/p>\n","protected":false},"author":1,"featured_media":10017,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[28],"tags":[128,40,44,54,56,1461,42,1614],"post_category":[],"class_list":["post-37026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-report","tag-128","tag-economy","tag-human-capital","tag-innovation","tag-research-and-development","tag-science","tag-science-and-technology","tag-technology"],"acf":[],"yoast_head":"\n