As an emerging current of thought in the economics of innovation, systems of innovation ({SI}) theorizing offers a non-linear perspective that is highly relevant to the formation of innovation policy. {SI} approaches are particularly appropriate to understanding the use of "demand side" policy instruments such as public technology procurement. In this article, we briefly summarize some general characteristics of {SI} approaches and relate them to broader theoretical developments in the economics of innovation. We explore one of the main characteristics of systems-oriented approaches to the study of innovation: the emphasis on interdependency and interactive learning. A number of theoretical antecedents to {SI} approaches are examined, and their main insights regarding the innovative role played by the demand side are elaborated. On this basis, some elements of a general policy perspective are identified.
CITATION STYLE
Edquist C., & Hommen L. (1999). Systems of innovation: theory and policy for the demand side. Technology in Society, 21(1), 63–79.
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