{"title":"Heuristics and the microeconomics of innovation and development","authors":"Smita Srinivas","doi":"10.1080/2157930X.2021.1986894","DOIUrl":null,"url":null,"abstract":"ABSTRACT Researchers have long recognized multiple ways of innovating. However, the expositions fail to connect the microeconomics of production sets to the real-world institutional variety required to build technological capabilities and innovate. This paper argues for explicit attention to institutional variety in the heuristics used in innovation policy and practice, and analyses three such heuristics. While some types of social challenges can be addressed through formal science and industrial R&D, the most common proxies for innovation, most industrializing contexts will require changes in institutions and organizations to frame and solve local development problems. The analysis thus bridges the traditional microeconomics of production sets with innovation and development priorities.","PeriodicalId":37815,"journal":{"name":"Innovation and Development","volume":null,"pages":null},"PeriodicalIF":1.4000,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Innovation and Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/2157930X.2021.1986894","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 4
Abstract
ABSTRACT Researchers have long recognized multiple ways of innovating. However, the expositions fail to connect the microeconomics of production sets to the real-world institutional variety required to build technological capabilities and innovate. This paper argues for explicit attention to institutional variety in the heuristics used in innovation policy and practice, and analyses three such heuristics. While some types of social challenges can be addressed through formal science and industrial R&D, the most common proxies for innovation, most industrializing contexts will require changes in institutions and organizations to frame and solve local development problems. The analysis thus bridges the traditional microeconomics of production sets with innovation and development priorities.
期刊介绍：
conomic development and growth depend as much on social innovations as on technological advances. However, the discourse has often been confined to technological innovations in the industrial sector, with insufficient attention being paid to institutional and organisational change and to the informal sector which in some countries in the South plays a significant role. Innovation and Development is an interdisciplinary journal that adopts a broad approach to the study of innovation, in all sectors of the economy and sections of society, furthering understanding of the multidimensional process of innovation and development. It provides a forum for the discussion of issues pertaining to innovation, development and their interaction, both in the developed and developing world, with the aim of encouraging sustainable and inclusive growth. The journal encourages articles that approach the problem broadly in line with innovation system perspective focusing on the evolutionary and institutional structure of innovation and development. This focus cuts across the disciplines of Economics, Sociology, Political Science, Science and Technology Policy, Geography and Development Practice. In a section entitled Innovation in Practice, the journal includes short reports on innovative experiments with proven development impact with a view to encouraging scholars to undertake systematic inquiries on such experiments. Brief abstracts of degree awarded PhD theses in the broad area of concern for the journal and brief notes which highlight innovative ways of using internet resources and new databases or software are also published.
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