1870735897     

Unleashing Society's Innovative Capacity : An Integrated Policy Framework / by Pontus Braunerhjelm, Magnus Henrekson

Braunerhjelm, Pontus, 1953- [Verfasserin/Verfasser]

Henrekson, Magnus, 1958- [Verfasserin/Verfasser]

Cham : Springer International Publishing [2024.] ; Cham : Imprint: Springer [2024.], 2024

1 Online-Ressource (XXIII, 184 p. 28 illus.)

Englisch

Open Access

Erscheint auch als: (Druck-Ausgabe)

Erscheint auch als: (Druck-Ausgabe)

Erscheint auch als: (Druck-Ausgabe)

978-3-031-42756-5

978-3-031-42755-8 (ISBN der Printausgabe); 978-3-031-42757-2 (ISBN der Printausgabe); 978-3-031-42758-9 (ISBN der Printausgabe)

Elektronische Ressource: Zugang über Resolving-System (Lizenzangabe: Kostenfrei zugänglich ohne Registrierung)

Digital Object Identifier (DOI): 10.1007/978-3-031-42756-5

Rechteinformation und Access Status: Open Access

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bicssc: KC ; bisacsh: BUS000000

LOC-SH: Technological innovations. ; Industrial policy. ; Economic development. ; Macroeconomics.

Innovation ; Industrial Dynamics ; Macro-Level Growth ; Knowledge

1. The Challenge -- 2. Theories of Growth, Innovation, and Entrepreneurship -- 3. Promoting Entrepreneurship and Innovation—The Institutional Framework -- 4. Policies to Stimulate Innovation and Entrepreneurship -- 5. Tax Policy to Stimulate Innovation and Entrepreneurship -- 6. Conclusions: A Framework for Innovation Policy.

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This is an open access book. Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few. Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth. To accomplish a growth process driven by innovation and entrepreneurship, the institutional environment must take into account a multitude of different policy areas that interact to either strengthen or weaken an economy's innovative potential. Innovation is not only about R&D and higher education but is also intimately related to entrepreneurship. Similarly, entrepreneurship is not only about low start-up costs and favorable tax rates. Hence, a consistent and coordinated policy environment conducive to innovation and entrepreneurship is required to translate innovation into high-growth firms and macro-level growth. This book presents the basic cornerstones required to provide a policy regime that can nurture such dynamics. The authors draw extensively on empirical analysis of the development of the Swedish economy, which has been transformed from a so-called "sclerosis" state in the 1980s until the early 1990s to an economy characterized by successful entrepreneurship and innovation. This transformation resulted from a reform agenda that has been gradually rolled out, beginning in the mid-1980s. The authors argue that the Swedish experience provides useful lessons for other nations as well.