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This chapter explores the link between innovation and national economic performance parameters such as international competitiveness, growth, and employment creation. It compares cross-country studies and rankings from major providers of comparative performance data and analyses the importance of innovation-friendly country systems for sound economic performance. Following a methodological reflection on the cross-study approach, it further discusses the effects of innovation on economic objectives, including performances in GDP, R&D, and employment. The assessment also integrates best practice examples and considers how innovation can be promoted from an innovation policy management perspective: supportive of growth, jobs, and re-industrialization, as well as digitalization in markets and society. In this way, the chapter also links together the remaining chapters’ recommendations on innovation policy to its economic impacts. In line with the remaining chapters of this book, it seeks to discuss how Europe can promote innovation capacity, capable of addressing the critical needs and societal challenges ahead, in a manner that is complementary to open innovation and innovation-ecosystem-building approaches, thus aspiring to collaboration models, co-creation, and user-driven innovation.
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- The Benefits and Rewards of Innovation Policies
- Palgrave Macmillan UK
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