Os fundamentos da política de inovação e o seu impacto na produtividade: uma aplicação empírica a 10 países da Comunidade Europeia

Abstract

This study begins with an analysis of the fundamentals of government intervention in the processes of innovation and of technological change, according to the “market failure” approach. Then we put some emphasis on the weaknesses of the static analysis in explaining the dynamic behaviour of innovation activities and we contrast the analysis with the evolutionist paradigm. According to it, innovations are a result of systemic interactions involving national institutions and governments have an important role on enhancing the performance of institutional interactions. Finally, we empirically investigate the influence of traditional political action and of national systems on multifactor productivity.