Micro-foundations for Innovation Policy

B. Nooteboom and E. Stam (eds.)

Innovation policy must create and retain greater openness, and with regard to four aspects: openness to uncertainty in innovation, openness to new challengers, openness to new contexts and openness to cooperation with those of different opinions. This openness is an essential condition for the creation of new ideas and for facilitating the development of innovations. That is the message in the compilation Micro-foundations for Innovation Policy (WRR Investigations no. 18, 2008).

How does innovation work?

Innovation is an important driving force behind economic growth in the long term. But how does innovation work? When it comes to research and the relationship between universities and industry, how should we deal, for instance, with the combination of and the tension between marketing and exploration and between stability and change? How can we determine whether a country must be a leader or a follower regarding innovation? What are advantages and disadvantages of the current policy of backing winners?

Multidisciplinary research

To understand how innovation works, the WRR has asked several experts to consider various aspects of innovation. They discuss those aspects on the basis of their own discipline. There are contributions from: Neil R. Anderson, Ron Boschma, Gerard de Vries, Rosina M. Gasteiger, Lars Heuts, Patrick Kenis, Gerrit Kronjee, Marius T.H. Meeus, Bart Nooteboom, Leon A.G. Oerlemans, Erik Stam, Leo van der Geest and Robert Went.