Does innovation policy matter in a transition country the case of Hungary
- Authors
- Publication Date
- Mar 30, 2022
- Source
- University of Ljubljana
- Keywords
- Language
- English
- License
- Green
- External links
Abstract
This article discusses Hungarian innovation policy within the analytical framework of an evolutionary economics of innovation. A crucial policy implication of this school is that public policies should be aimed at promoting learning in its widest possible sense, and hence, fostering networking and co-operation. The article first provides a brief overview of the transition process, emphasising the simultaneous need for systemic (institutional) changes and macroeconomic stabilisation in order to improve (micro-)economic performance. Further, the author analyses recent changes in the science and technology (S&T) decision-making system, various efforts to draft S&T and innovation policy documents, as well as the inputs and outputs of R&D (research and development) and innovation. The study concludes that the present implicit innovation policy may hinder long-term development. An explicit policy is required to signal the main policy directions and commitments of the government, to strengthen the national innovation system, and to align public and private efforts for sustained improvement