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ECON 691 Economics of Technology Policy
Spring 2006

    Reading List


    0. Introduction

    OECD (1992). Technology and the Economy: The Key Relationship, Paris: OECD.


    1. Theory

  • Theories of technical change
    Stoneman, P. (1983). The Economic Analysis of Technological Change. New York: Oxford University Press

    Nelson, R.R. and Winter, S.G. (1982). An Evolutionary Theory of Economic Change, Cambridge, Mass.: The Belknap Press of Harvard University Press.

    Freeman, C. (2002). "Continental, national and sub-national innovation systems - complementarity and economic growth". Research Policy (31): 191-211.

    Lundvall, B., Johnson, B., Andersen, E.S. and Dalum, B. (2002), "National systems of production, innovation and competence building", Research Policy (31): 213-231.

  • Theories of technology policy
    Mansfield, E., Rapoport, J., Romeo, A., Wagner, S. and Beardsley, G. (1977). "Social and Private Rates of Return from Industrial Innovations", Quarterly Journal of Economics, (91): 221-40. (Reprinted in E. Mansfield and E. Mansfield, eds., The Economics of Technical Change, Edward Elgar, 1993.)

    Arrow, K. (1962). "Economic Welfare and the Allocation of Resources for Invention," The Rate and Direction of Inventive Activity: Economic and Social Factors, National Bureau of Economic Research, pp. 609-625.

    Stoneman, P. (1987). The Economic Analysis of Technology Policy. Oxford: Oxford University press.

    Metcalfe, J. S. (2002). Equilibrium and Evolutionary Foundations of Competition and Technology Policy: New Perspectives on the Division of Labour and the Innovation Process, CRIC Working Paper, University of Manchester.

    Edquist, C. (2001). The Systems of Innovation Approach and Innovation Policy: An Account of the State of the Art. Paper Presented at the DRUID Nelson and Winter Conference, Aalborg, Denmark, June 12-15.

    Nelson, R. (ed.) (1993). National Innovation Systems: A Comparative Analysis, Oxford: Oxford University Press.

    OECD (1999). Managing National Innovation Systems. Paris: OECD.

  • Technology, Globalization and Growth
    Weiss, L. (1997). "Globalization and the Myth of the Powerless State", New Left Review, n. 225, 3-27.

    Elmslie, B. and Milberg, W. (1996). "The Productivity Convergence Debate: A Theoretical and Methodological Reconsideration", Cambridge Journal of Economics (29): 153-182.

    Dowrick, S. (1992). "Technological Catch Up and Diverging Incomes: Patterns of Economic Growth", Economic Journal (102): 600-610.

    Fagerberg, J. (1994), "Technology and International Differences in Growth Rates", Journal of Economic Literature (32): 1147-75.

    Targetti, F. and Foti, A. (1997). "Growth and Productivity: A Model of Cumulative Growth and Catching Up", Cambridge Journal of Economics (21): 27-43.

    Archibugi, D. and Michie, J. (1995). "The Globalization of Technology: A New Taxanomy", Cambridge Journal of Economics (19): 121-140.

    Fransman, M. (1995). "Is National Technology Policy Obsolete in a Globalised World? The Japanese Response", Cambridge Journal of Economics (19): 95-119.


    2. Measurement

  • Inputs
    * R&D activities
    OECD (2002). Frascati Manual, Paris: OECD.

    * Human resources
    OECD (1995) Canberra Manual, Paris: OECD

  • Outputs
    * Publications
    Butler, B. (2003). "Explaining Australia's increased share of ISI publications - the effects of a funding formula based on publication counts", Research Policy (32): 143-155.

    * Innovations
    OECD (1996) Oslo Manual, Paris: OECD.

    * Patents
    World Intellectual Property Organization, http://www.wipo.org/

    Turk Patent Enstitusu http://www.turkpatent.gov.tr/

    Griliches, Z. (1990). "Patent Statistics as Economic Indicators: A Survey," Journal of Economic Literature (28): 1661-1707.

    Guellec, D. and van Pottelsberghe de la Potterie, B. (2001), "The internationalisation of technology analysed with patent data", Research Policy (30): 1253-1266.

    Varsakelis, N.C. (2001), "The impact of patent protection, economy openness and national culture on R&D investment: a cross-country empirical investigation", Research Policy (30): 1059-1068.

  • Productivity and Technical Change
    OECD (2002) Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, Paris: OECD.

    Wakelin, K. (2001), "Productivity growth and R&D expenditure in UK manufacturing firms", Research Policy (30): 1079-1090.

    Boskin, M.J., and L.J. Lau. (2000). Generalized Solow-Neutral Technical Progress and Postwar Economic Growth. SIEPR Discussion Paper No. 00-12. Stanford, California, U.S.A.


    3. Policy

  • Taxonomy of technology policies
    Mowery, D. (1995). "The Practice of Technology Policy." In Paul Stoneman (ed.), Handbook of the Economics of Innovation and Technological Change. Oxford, UK ; Cambridge, Mass.: Blackwell.

    Ergas, H. (1987). "The Importance of Technology Policy", in P.Dasgupta and P.Stoneman (eds.), Economic Policy and Technological Performance, Cambridge: CUP, pp. 51-96.

    Cantner, U. and Andreas Pyka, A. (2001), "Classifying technology policy from an evolutionary perspective", Research Policy (30): 759-775.

  • Policy design and formulation
    Phaal, R., Farrukh, C. and Probert, D. (2001), Technology Roadmapping: Linking technology resources to business objectives, Centre for Technology Management, University of Cambridge.

    US Department of Energy (2000), Applying Science and Technology Roadmapping in Environmental Management, DoE.

    Martin, B. (2001). Technology Foresight in a Rapidly Globalizing Economy. Vienna, Austria: Regional Conference on Technology Foresight for CEE and NIS countries, 4-5 April 2001.

    UNIDO, Technology Foresight Initiative for Latin America, http://www.unido.org/en/doc/4219

    FOREN Network (2001), A Practical Guide to Regional Foresight. Sevilla: IPTS.

  • Policy tools
    * R&D support
    Martin, S. and Scott, J.T. (2000). "The nature of innovation market failure and the design of public support for private innovation", Research Policy (29): 437-447.

    * Venture capital
    Kortum, S., and J. Lerner. (2000). "Assessing the Contribution of Venture Capital to Innovation". Rand Journal of Economics, 31(4): 674-692.

    Mani, S. and Bartzokas, A. (2002). Institutional Support for Investment in New Technologies: The Role of Venture Capital Institutions in Developing Countries. Institute for New Technologies Discussion Paper 2002-5. Maastricht, The Netherlands: United Nations University.

    * Public R&D and academy-industry links
    Scott, A., Steyn, G., Geuna, A., Brusoni, S., and Steinmueller, E. (2001) The Economic Returns to Basic Research and the Benefits of University-Industry Relationships: A Literature Review and Update of Findings. Report for the Office of Science and Technology by SPRU, University of Sussex.

    * SME support and incubators
    Colombo, M.G. and Delmastro, M. (2002), "How effective are technology incubators?: Evidence from Italy", Research Policy (31): 1103-1122.

    * Clusters, partnerships, and science-parks
    Love, J.H. and Stephen Roper, S. (2001), "Location and network effects on innovation success: evidence for UK, German and Irish manufacturing plants", Research Policy (30): 643-661.

    Hagedoorn, J., Link, A.N. and Vonortas, N.S. (2000), "Research partnerships", Research Policy (29): 567-586.

    * Technology diffusion
    Bozeman, B. (2000). "Technology transfer and public policy: a review of research and theory," Research Policy (29): 627-655.

    * Framework conditions and intellectual property rights
    Jaffe, A. B. (2000). "The US Patent System in Transition: Policy Innovation and the Innovation Process," Research Policy (29): 531-557.

    Tassey, G. (2000), "Standardization in technology-based markets", Research Policy (29): 587-602.

  • Policy evaluation
    Hall, B. and Van Reenen, J. (2000). "How Effective are Fiscal Incentives for R&D? A Review of the Evidence," Research Policy (29): 449-469.

    Klette, T.J., M.J. and Griliches, Z. (2000). "Do subsidies to commercial R&D reduce market failures? Microeconometric evaluation studies", Research Policy (29): 471-495.

    Georghiou, L. and Roessner, D. (2000). "Evaluating technology programs: tools and methods", Research Policy (29): 657-678.

    Motohashi, K. (2002). Use of Plant-Level Microdata for the Evaluation of SME Innovation Policy in Japan, OECD STI Working Paper No: 2002/12, Paris: OECD.

    European Union, Innovation Scoreboard 2002.


    4. Practice: Technology policy in the EU

    European Commission (1995), Green Paper on Innovation, EC.

    European Commission (1996), First Action Plan for Innovation, EC.

    European Commission (1998), Innovation for Growth and Employment, Communication on implementation of the Innovation Action Plan, EC.

    European Commission (2000), Innovation in a knowledge-driven economy, EC.

    EU (2002), Innovation Tomorrow: Innovation policy and the regulatory framework. EU.

    EU (2002), Innovation Policy in Europe, 2002, EU.

    European Union 6th Framework Programme, http://www.cordis.lu/fp6/


    5. Case studies

.: 2006 ERC METU | Updated 26 January 2006 :.