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Innovation policy instrument mix: unravelling the knowns and unknowns

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Show simple item record Mulligan, Kevin Lenihan, Helena Doran, Justin 2017-12-06T14:22:40Z 2017-12-06T14:22:40Z 2017
dc.description peer-reviewed en_US
dc.description.abstract Governments deploy a mix of different innovation policy instruments to stimulate firm-level innovation additionality. Firms often receive multiple instruments simultaneously, and additionality can depend on interactions within this instrument mix. Depending on how consistent different instruments are with one another in terms of their underlying rationales, goals, and implementation modes, and how stable this consistency is over time, interaction effects can be complementary, substitutive or neutral. Consistency is thus an important means of improving the effectiveness and efficiency of the instrument mix at achieving policy objectives. This has important implications for policymaking. To explore these implications, we build a conceptual framework for the ex-ante and ex-post impact evaluation of innovation policy instrument mixes. Applying this framework, we construct a unique panel dataset capturing the core innovation policy instruments available to firms in Ireland, and employ a novel microeconometric technique to estimate the degree of temporal consistency within the instrument mix. Our results highlight the importance of temporal dynamics when evaluating innovation policy instrument mix consistency. en_US
dc.language.iso eng en_US
dc.relation.ispartofseries DRUID Society Conference;
dc.subject firm-level innovation en_US
dc.subject policy mix en_US
dc.subject instrument mix en_US
dc.subject temporal consistency en_US
dc.subject dyjnamic complementaries en_US
dc.title Innovation policy instrument mix: unravelling the knowns and unknowns en_US
dc.type info:eu-repo/semantics/conferenceObject en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed
dc.contributor.sponsor SFI en_US
dc.contributor.sponsor IRC en_US
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US

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