ABSTRACT
Today it has become commonplace to view innovation as the main source of economic growth in a modern economy: the more innovative we are the better we are able to compete in world markets (Baumol 2002; Mokyr 1990). This is true for nations and firms alike (Porter 1990). Innovation and technological change are thus seen as critical drivers in achieving high standards of living and of economic well-being; innovation policy and related measures are therefore at the centre of economic policymaking today.
