21210066 - Corporate and innovation policy

The course aims to provide students with the basic notions for a critical analysis of public intervention in support of firms, research and innovation. The course is structured in three Sections. The first one provides an introduction to main concept in Economics of Innovation theory. The second one refers to the Italian case that is analyzed with reference to industrial, science and technology policies. The third Section is devoted to the description of the European regional policies. Particular attention will be given to the study of public policies for the development and diffusion of new environmental-friendly technologies.
teacher profile | teaching materials

Programme

Detailed course structure

General Part

- Introduction to the Economics of Innovation

- Innovation and Performance: Growth, Employment, Productivity, Export, Environment

- The theoretical foundations of Science, Innovation and Technology Policies

- The role of Intellectual Property Rights

- Subsidies and tax credit for R&D

- Public policies for eco-innovation

The Italian case

- The characteristics of the Italian production system

- The role of public enterprises in the industrial development of Italy

- The Italian National Innovation System

- Industrial Policy in Italy

European Regional Policies to promote business investment in innovation activities

- Structural Funds for Cohesion Policies

- The objectives of the 2014-2020 programming period

-The effects of cohesion policies on firms’ performances

Core Documentation


Teaching material will be available to students in a shared Dropbox folder.

Students NOT attending the course

Textbooks

Handbook of The Economics of Innovation, Vol. 2, edited by Bronwyn H. Hall and Nathan Rosenberg, Elsevier (All Chapters).

M. Mazzucato, The Entrepreneurial State: debunking public vs. private sector myths (Anthem 2013)

Students attending the course

- Handbook of The Economics of Innovation, Vol. 2, edited by Bronwyn H. Hall and Nathan Rosenberg, Elsevier (Chapters 20-21-24-25-26-27-28).

Compulsory readings (FOR ALL STUDENTS)

Amatori, F., Bugamelli, M., Colli, A. (2011). Italian firms in history: size, technology and entrepreneurship. Bank of Italy Economic History Working Papers, 13, pp. 1–53.

Antonelli C., Barbiellini Amidei F., Fassio C. (2014). The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950–1994. Structural Change and Economic Dynamics, Vol. 31, pp. 43-63.

Archibugi D. and Filippetti A., (2015). Knowledge as Global Public Good. In: The Handbook of Global Science, Technology, and Innovation, First Edition. Daniele Archibugi and Andrea Filippetti (eds). DOI: 10.1111/b.9781118739068.2015.00025.x.

Archibugi D. and Filippetti A., (2017). The retreat of public research and its adverse consequences on innovation. Technological Forecasting & Social Change, Article in Press. https://doi.org/10.1016/j.techfore.2017.05.022

Calvino F. and Virgillito M. E., (2017). The innovation-employment nexus: a critical survey of theory and empirics. Journal of Economic Surveys, DOI: 10.1111/joes.12190.

Cerulli, G., Poti, B., 2012. Designing ex-post assessment of corporate RDI policies: conceptualization, indicators and modeling. World Rev. Sci. Technol. Sustain. Dev. 9, 2–4.

Costantini, V., Crespi, F., (2013). Public policies for a sustainable energy sector: regulation, diversity and fostering of innovation. Journal of Evolutionary Economics, Vol. 23, pp. 401-429.

Costantini, V., Crespi, F., Martini, C., Pennacchio, L., (2015). Demand-pull and technology-push public support for eco-innovation: The case of the biofuels sector, Research Policy, Vol. 44, pp. 577-595.

Costantini V., Crespi F., Palma, A., (2017), Characterizing the policy mix and its impact on eco-innovation: a patent analysis of energy-efficient technologies, Research Policy, Vol. 46, pp. 799-819.

Costantini, V., Crespi, F., Marin, G., Paglialunga, E. (2017). Eco-innovation, sustainable supply chains and environmental performance in European industries. Journal of Cleaner Production, Vol. 155, pp. 141-154.

V Costantini, F Crespi, E Paglialunga (2018), The employment impact of private and public actions for energy efficiency: Evidence from European industries, Energy Policy 119, 250-267

V Costantini, F Crespi, E Paglialunga, G Sforna, System Transition and Structural Change Processes in the Energy Efficiency of Residential Sector: Evidence from EU Countries, SPRU Working Paper 2018.

European Commission (EC), (2014). Summary of data on the progress made in financing and implementing financial engineering instruments reported by the managing authorities in accordance with Article 67(2)(j) of Council Regulation (EC) No 1083/2006. Programming period 2007-2013 (situation as at 31 December 2013). DG Regional and Urban Policy.

European Commission (EC), (2017). European Innovation Scoreboard 2017. DG Internal Market, Industry, Entrepreneurship and SMEs.

Goldstein A., (2003). Privatization in Italy 1993 - 2002: Goals, Institutions, Outcomes, and Outstanding Issues. CESifo Working Paper Series No. 912. Available at SSRN: https://ssrn.com/abstract=396324

Guarascio D., Pianta M., Bogliacino F., (2016). Export, R&D and new products. A model and a test on European industries. Journal of Evolutionary Economics, Vol. 26 (4), pp. 869-905.

Mazzucato M. and Semieniuk G., (2017). Public financing of innovation: New questions. Oxford Review of Economic Policy, Vol. 33(1), pp. 24-48.

Munari F., Roberts E. B., Sobrero M., (2002). Privatization processes and the redefinition of corporate R&D boundaries. Research policy, Vol. 31, pp. 31-53.

OECD, (2014). Measuring Environmental Innovation Using Patent Data: Policy Relevance. ENV/EPOC/WPEI(2014)6/FINAL. OECD Publishing, Paris.

Reference Bibliography

Compulsory readings (FOR ALL STUDENTS) Amatori, F., Bugamelli, M., Colli, A. (2011). Italian firms in history: size, technology and entrepreneurship. Bank of Italy Economic History Working Papers, 13, pp. 1–53. Antonelli C., Barbiellini Amidei F., Fassio C. (2014). The mechanisms of knowledge governance: State owned enterprises and Italian economic growth, 1950–1994. Structural Change and Economic Dynamics, Vol. 31, pp. 43-63. Archibugi D. and Filippetti A., (2015). Knowledge as Global Public Good. In: The Handbook of Global Science, Technology, and Innovation, First Edition. Daniele Archibugi and Andrea Filippetti (eds). DOI: 10.1111/b.9781118739068.2015.00025.x. Archibugi D. and Filippetti A., (2017). The retreat of public research and its adverse consequences on innovation. Technological Forecasting & Social Change, Article in Press. https://doi.org/10.1016/j.techfore.2017.05.022 Calvino F. and Virgillito M. E., (2017). The innovation-employment nexus: a critical survey of theory and empirics. Journal of Economic Surveys, DOI: 10.1111/joes.12190. Cerulli, G., Poti, B., 2012. Designing ex-post assessment of corporate RDI policies: conceptualization, indicators and modeling. World Rev. Sci. Technol. Sustain. Dev. 9, 2–4. Costantini, V., Crespi, F., (2013). Public policies for a sustainable energy sector: regulation, diversity and fostering of innovation. Journal of Evolutionary Economics, Vol. 23, pp. 401-429. Costantini, V., Crespi, F., Martini, C., Pennacchio, L., (2015). Demand-pull and technology-push public support for eco-innovation: The case of the biofuels sector, Research Policy, Vol. 44, pp. 577-595. Costantini V., Crespi F., Palma, A., (2017), Characterizing the policy mix and its impact on eco-innovation: a patent analysis of energy-efficient technologies, Research Policy, Vol. 46, pp. 799-819. Costantini, V., Crespi, F., Marin, G., Paglialunga, E. (2017). Eco-innovation, sustainable supply chains and environmental performance in European industries. Journal of Cleaner Production, Vol. 155, pp. 141-154. V Costantini, F Crespi, E Paglialunga (2018), The employment impact of private and public actions for energy efficiency: Evidence from European industries, Energy Policy 119, 250-267 V Costantini, F Crespi, E Paglialunga, G Sforna, System Transition and Structural Change Processes in the Energy Efficiency of Residential Sector: Evidence from EU Countries, SPRU Working Paper 2018. European Commission (EC), (2014). Summary of data on the progress made in financing and implementing financial engineering instruments reported by the managing authorities in accordance with Article 67(2)(j) of Council Regulation (EC) No 1083/2006. Programming period 2007-2013 (situation as at 31 December 2013). DG Regional and Urban Policy. European Commission (EC), (2017). European Innovation Scoreboard 2017. DG Internal Market, Industry, Entrepreneurship and SMEs. Goldstein A., (2003). Privatization in Italy 1993 - 2002: Goals, Institutions, Outcomes, and Outstanding Issues. CESifo Working Paper Series No. 912. Available at SSRN: https://ssrn.com/abstract=396324 Guarascio D., Pianta M., Bogliacino F., (2016). Export, R&D and new products. A model and a test on European industries. Journal of Evolutionary Economics, Vol. 26 (4), pp. 869-905. Mazzucato M. and Semieniuk G., (2017). Public financing of innovation: New questions. Oxford Review of Economic Policy, Vol. 33(1), pp. 24-48. Munari F., Roberts E. B., Sobrero M., (2002). Privatization processes and the redefinition of corporate R&D boundaries. Research policy, Vol. 31, pp. 31-53. OECD, (2014). Measuring Environmental Innovation Using Patent Data: Policy Relevance. ENV/EPOC/WPEI(2014)6/FINAL. OECD Publishing, Paris.

Type of delivery of the course

Traditional lectures, research project discussion

Type of evaluation

The course assessment will be based on a small dissertation that students will present during the second part of the course, and on a final written exam (in English). The written exam is based on three open questions on the topics of the course. The oral exam is optional and substitutes the evaluation of the written test. It can be requested only after a positive (more than 18/30) evaluation of the written test. Due to the current emergency the exam will be carried out online with an oral colloquium. The evaluation will take into account the presentation of the research project.