INSTITUTIONAL APPROACH IN TECHNOLOGICAL INNOVATION

Abstract

Technological innovation, because of its curtail role in socio-economic development is one of the important aspects of governmental policies. In this article technological innovation is studied by an institutional approach. Public policy by applying this approach could use norms, regulations and other institutional measures to improve innovations and technological policy. More specifically in this article we elaborate this hypothesis: technological innovation depend on coordination and collaboration of regulations, norms, enterprises interactions, training and government policy.

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