Evolutionary targeting

Avnimelech, Gil; Teubal, Morris

doi:10.1007/s00191-007-0080-6

Cited by 89 publications

(45 citation statements)

References 24 publications

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“…Some authors (Avnimelech and Teubal 2008) have developed the concept of 'evolutionary targeting', which focuses on market-led evolutionary development processes. This entails 'triggering and sustaining' the emergence of multi-agent structures to help nurture nascent new innovative industries (Avnimelech and Teubal 2008). While these arguments refer to how policy makers deal with nascent industries as a whole, the importance of temporal episodes also applies to firm-specific interventions.…”

Section: Think About the Timing Of Interventionsmentioning

confidence: 99%

Myth-busting and entrepreneurship policy: the case of high growth firms

Brown

Mawson

Mason

2017

Entrepreneurship & Regional Development

164

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Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the mythology perpetuated by policy makers and embedded within high growth entrepreneurship policy frameworks. Within the article we argue that a number of distinctive 'myths' have become deeply embedded within these policy frameworks. Such myths have been built on misconceived preconceptions of HGFs, which has resulted in policy-makers taking a myopic view of these firms. A key aim of the paper is to highlight how false perceptions of HGFs translate into inappropriate policy interventions. The paper challenges some of the most commonly held myths about these firms (that they are predominantly young, small, high-tech, VC-backed, university spin-outs, who grow in an orderly organic fashion, operating similarly irrespective of location) and identifies a clear mismatch between how policy makers perceive HGFs and what they actually look like in reality. Suggestions for the design of future policy approaches are forwarded.

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Section: Think About the Timing Of Interventionsmentioning

confidence: 99%

Myth-busting and entrepreneurship policy: the case of high growth firms

Brown

Mawson

Mason

2017

Entrepreneurship & Regional Development

164

View full text Add to dashboard Cite

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“…Building upon Nelson and Winter's (1982) conceptual model and scholarly works on NIS, 1 Morris Teubal and others (see Teubal 1996Teubal , 1997Teubal , 2002aLall and Teubal 1998;Teubal and Andersen 2000;Teubal 2008 andKuznetsov 2012) have formulated policy frameworks to provide an appropriate guide for design and implementation of science and technology policy (in concrete settings). Teubal's system perspectives on innovation policy offered a framework separate from the orthodox economics and "Picking Winners" approaches.…”

Section: Introductionmentioning

confidence: 99%

Evolutionary targeting for inclusive development

Wong

2015

J Evol Econ

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Many studies articulate a theoretical conceptual change-that is, a change from neo-classical economics and "Picking Winners" policy frameworks to a systemicevolutionary targeting framework. Within such an intellectual context, this paper attempts to expand the evolutionary targeting framework to facilitate the process of inclusive industrial development. We present a unitary industrial development trajectory which is used as a narrative to articulate the evolutionary paths of Taiwan and Malaysia in making their respective sectoral changes (from informal to formal, and then to high technology sectors) endogenous. Building on both cases, we elucidate how the organization of subsistence farming contributes to development, and hence paves the way for new industrial takeoff. In this regard, the targeting programs that focus on the Schumpeterian segment are improved upon to offer support for (re)organization of the informal sector. This study, therefore, proposes a new analytical grid theorizing the current observations in inclusive development studies. It thus explicitly acknowledges the importance of transforming the informal sector to achieve inclusive development.

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“…The effectiveness of stock market is not confined to Sweden alone. It has also been mentioned in cases of other countries such as Israel and the US (Avnimelech and Teubal, 2006;Avnimelech and Teubal, 2004;Avnimelech and Teubal, 2008).…”

Section: Implication Of Government Venture Capitals In Japanmentioning

confidence: 99%

Japanese government venture capital: what should we know?

Kirihata

2018

APJIE

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Purpose The purpose of this paper is to discuss the implication of Japanese government venture capital (VC) policies for future research and to provide basis for policymakers and practitioners. Design/methodology/approach This is an academic literature review of available peer-reviewed publications on government VC policies. This paper discusses and analyses the current state and issues of the Japanese government VC policies regarding three research questions: What do Japanese government VCs do? Do they contribute to their portfolios? and Do they contribute to the development of VC market? Findings There are mainly two findings in this paper: It is effective to establish a complementary relationship with private VCs for Japanese government VCs to contribute to their portfolios; Japanese government should simultaneously continue to make and review policies for the VC market, the stock market, the entrepreneur sector and the environment surrounding them by its strategic long-term commitment to contribute to the development of VC market and new technology-based firms in Japan. Originality/value As there are only a few studies on recently strengthened Japanese government VC policies, this paper provides an in-depth discussion on these Japanese VC policies, which can be used for future research and as a valuable resource for policymakers and practitioners.

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Evolutionary targeting

Abstract: Targeting, Evolutionary economics, Innovation and technology policy, Emergence, Infant industries, Industrial policy, O38, O25, O14, L78, L26, L52, L53,

Cited by 89 publications

References 24 publications

Myth-busting and entrepreneurship policy: the case of high growth firms

Myth-busting and entrepreneurship policy: the case of high growth firms

Evolutionary targeting for inclusive development

Japanese government venture capital: what should we know?

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