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Innovation: rétrospectivement et prospectivement .
Author(s) -
Brander James A.
Publication year - 2010
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2010.01607.x
Subject(s) - pace , face (sociological concept) , presidential address , business , population , economic growth , industrial organization , economics , political science , medicine , public administration , environmental health , geography , social science , sociology , geodesy
This paper asks whether innovation has slowed in recent decades. While there has been dramatic progress in information and communications technology, the recent record of innovation in the crucially important agriculture, energy, transportation, and health care sectors is cause for concern. The paper also considers whether the pace of innovation is sufficient to improve or even maintain living standards in the face of still rapidly growing population, global warming, and other challenges. I review the major market failures that lead to under‐provision of innovation and question whether current innovation policy, particularly patent policy, is effective in promoting innovation.