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Experimental Innovation Policy

Albert Bravo-Biosca

Chapter in NBER book Innovation Policy and the Economy, Volume 20 (2020), Josh Lerner and Scott Stern, editors (p. 191 - 232)
Conference held April 16, 2019
Published in December 2019 by University of Chicago Press
© 2020 by the National Bureau of Economic Research
in NBER Book Series Innovation Policy and the Economy

Experimental approaches are increasingly being adopted across many policy fields, but innovation policy has been lagging. This paper reviews the case for policy experimentation in this field, describes the different types of experiments that can be undertaken, discusses some of the unique challenges to the use of experimental approaches in innovation policy, and summarizes some of the emerging lessons, with a focus on randomized trials. The paper concludes describing how at the Innovation Growth Lab we have been working with governments across the OECD to help them overcome the barriers to policy experimentation in order to make their policies more impactful.

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Document Object Identifier (DOI): 10.1086/705644

This chapter first appeared as NBER working paper w26273, Experimental Innovation Policy, Albert Bravo-Biosca
 
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