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UK innovation policy : a critique

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Ashcroft, B., Dunlop, S. and Love, James H. (1995) UK innovation policy : a critique. Regional Studies, Volume 29 (Number 3). pp. 307-311. doi:10.1080/00343409512331348973

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Official URL: http://dx.doi.org/10.1080/00343409512331348973

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Abstract

It is increasingly recognized that the production of new
products and the development and diffusion of new
production and organizational techniques are central to
the competitiveness of both national and regional
economies. Governments and agencies at all spatiallevels
have therefore become involved in seelung to stimulate
innovation. In the UK Government’s White Paper on
Science and Technology and in the D T 1’s Competitiveness
initiative, the promotion of innovation is given a
central role. The available evidence does suggest that
innovating firms both outperform non-innovators in
terms ofprofitability and growth, and are more cyclically
stable (GEROSKI and MACHIN, 1992). This would
appear to provide prima facie justification for intervention.
However, a recent comprehensive survey and
analysis by the present authors of the innovation
performance of Scottish manufacturing industy suggests
that current UK innovation policy is largely irrelevant.
In this article, we seek to explain why that is the case. In
the next section we describe the main instruments ofUK
innovation policy then briefly outline the main views on
innovation policy drawn from a survey of, and interviews
with, Scottish manufacturing firms. This is
followed by a critique of the policy in the light of the
experience of Scottish firms. Finally, the article concludes
with some recommendations for changes to
innovation policy in the UK.

Item Type: Journal Item
Divisions: Faculty of Social Sciences > Warwick Business School > Strategy & International Business
Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: Regional Studies
ISSN: 0034-3404
Editor: Mawson, J.
Official Date: 1995
Dates:
DateEvent
1995Published
10 July 2007Available
Volume: Volume 29
Number: Number 3
Page Range: pp. 307-311
DOI: 10.1080/00343409512331348973
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
Description:

Policy Review Section

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