TY  - GEN
AB  - 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.
AU  - Hausmann, Ricardo,
AU  - Yildirim, Muhammed A.,
AU  - Chacua, Christian,
AU  - Hartog, Matte,
AU  - Matha, Shreyas Gadgin,
DO  - 10.34667/tind.49522
DO  - doi
ID  - 49522
KW  - Innovation.
KW  - Intellectual property.
KW  - Patents.
L1  - https://tind.wipo.int/record/49399/files/wipo-pub-econstat-wp-78-en-access-to-science-and-innovation-in-the-developing-world.pdf
L1  - https://tind.wipo.int/record/49522/files/wipo-pub-econstat-wp-79-en-innovation-policies-under-economic-complexity.pdf
L2  - https://tind.wipo.int/record/49399/files/wipo-pub-econstat-wp-78-en-access-to-science-and-innovation-in-the-developing-world.pdf
L2  - https://tind.wipo.int/record/49522/files/wipo-pub-econstat-wp-79-en-innovation-policies-under-economic-complexity.pdf
L4  - https://tind.wipo.int/record/49399/files/wipo-pub-econstat-wp-78-en-access-to-science-and-innovation-in-the-developing-world.pdf
L4  - https://tind.wipo.int/record/49522/files/wipo-pub-econstat-wp-79-en-innovation-policies-under-economic-complexity.pdf
LA  - eng
LK  - https://tind.wipo.int/record/49399/files/wipo-pub-econstat-wp-78-en-access-to-science-and-innovation-in-the-developing-world.pdf
LK  - https://tind.wipo.int/record/49522/files/wipo-pub-econstat-wp-79-en-innovation-policies-under-economic-complexity.pdf
N2  - 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.
T1  - Innovation Policies Under Economic Complexity :Economic Research Working Paper No.79.
TI  - Innovation Policies Under Economic Complexity :Economic Research Working Paper No.79.
UR  - https://tind.wipo.int/record/49399/files/wipo-pub-econstat-wp-78-en-access-to-science-and-innovation-in-the-developing-world.pdf
UR  - https://tind.wipo.int/record/49522/files/wipo-pub-econstat-wp-79-en-innovation-policies-under-economic-complexity.pdf
VL  - No. 79/2024
ER  -