Chapter

Government’s Role in Innovation

Albert N. Link and John T. Scott

in Public Goods, Public Gains

Published in print December 2010 | ISBN: 9780199729685
Published online May 2011 | e-ISBN: 9780199894697 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199729685.003.0002
Government’s Role in Innovation

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Government's role in the innovation process is discussed in this chapter from a theoretical perspective. Barriers to innovation and technology are enumerated within the context of market failure. Finally, the role of public research institutions is discussed within the theoretical framework of market failure.

Keywords: market failure; underinvestment in R&D; public research institution

Chapter.  6730 words.  Illustrated.

Subjects: Public Economics

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