We study the impact of alternative innovation policies on the short-and long-run performance of the economy, as well as on public finances, extending the Schumpeter meeting Keynes agentbased model (Dosi et al., 2010). In particular, we consider market-based innovation policies such as R&D subsidies to firms, tax discount on investment, and direct policies akin to […]
Author Archive | Giovanni Dosi, Francesco Lamperti, Mariana Mazzucato, Mauro Napoletano and Andrea Roventini
Grand Challenges, Industrial Policy, and Public Value
Mariana Mazzucato and Rainer Kattel - 1 October 2020
Policymakers are increasingly embracing the idea of using industrial and innovation policy to tackle societal ‘grand challenges’ such as climate emergency. In this article we argue that challenge-led policies require a new conceptual and analytical framework that has at its core the idea of confronting the direction of growth—growth that is, for example, more inclusive […]
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