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 […]
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 […]
