@article{49522,
      recid = {49522},
      author = {Hausmann, Ricardo, and Yildirim, Muhammed A., and Chacua,  Christian, and Hartog, Matte, and Matha, Shreyas Gadgin,},
      title = {Innovation Policies Under Economic Complexity : Economic  Research Working Paper No.79.},
      pages = {41 pages ;},
      abstract = {Recent geopolitical challenges have revived the  implementation of industrial and innovation policies.  Ongoing discussions focus on supporting cutting-edge  industries and strategic technologies but hardly pay  attention to their impact on economic growth. In light of  this, we discuss the design of innovation policies to  address current development challenges while considering  the complex nature of productive activities. Our approach  conceives economic development and technological progress  as a process of accumulation and diversification of  knowledge. This process is limited by the tacit nature of  knowledge and by countries’ binding constraints to growth.  Consequently, effective innovation policies should be  place-based and multidimensional, leveraging countries’  existing capabilities and addressing countries’ current  problems. This contrasts policies that lead to economic  efficiencies, such as copying other countries’ solutions to  problems that countries do not currently have.},
      url = {http://tind.wipo.int/record/49522},
      doi = {https://doi.org/10.34667/tind.49522},
}