Innovation systemsfrom fixing market failures to creating markets

Resumo

This paper presents a critique of the market failure theory, focusing on its limitationsfor explaining the creation of new markets. From a review of the literature on the subjectand several examples, I argue that the state has an essential role in fostering innovation.Therefore, the challenges for innovation in the future should be less focused on the worriesabout ‘picking winners’ and ‘crowding out’. Instead, we must open up the discussiontowards four key questions: 1) directions; 2) evaluation; 3) organisational change; 4) risksand rewards.

Ficha do documento

Tipo

Artigo científico

Ano

2015

Instituição

Escola Nacional de Administração Pública - Enap

Fonte

Revista do Serviço Público

Idioma

Português

Acesso

Não informado

DOI

10.21874/rsp.v66i4.1303

Identificador

oai:ojs.pkp.sfu.ca:article/1303