Abstract
Studies on innovation and welfare are seemingly unrelated and, currently, scholars of innovation and welfare form distinctive groups. However, recent developments in the fields of business and psychology suggest that a social safety net and the positive mental assets that can be developed by implementing carefully designed welfare programs may stimulate innovative activities within a country. Further, they are closely connected due to their contribution to economic growth, which forms the central tenet of the discourses on both innovation and welfare. In this context, this study uses the patent applications filed under the Patent Co-operation Treaty and social spending data of 35 Organisation for Economic Co-operation and Development countries for the period 2000–2015 to investigate the effect of welfare on innovation. Contrary to the widespread belief that welfare spending can undermine innovative potential, we argue that welfare can harness a country’s innovative potential and contribute to the country’s long-term growth.
| Original language | English |
|---|---|
| Journal | Policy and Society |
| DOIs | |
| Publication status | Accepted/In press - 2019 Jan 1 |
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All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- Public Administration
- Political Science and International Relations
Cite this
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Innovation and welfare : the marriage of an unlikely couple. / Koo, Jun; Choi, Young Jun; Park, Iljoo.
In: Policy and Society, 01.01.2019.Research output: Contribution to journal › Article
TY - JOUR
T1 - Innovation and welfare
T2 - the marriage of an unlikely couple
AU - Koo, Jun
AU - Choi, Young Jun
AU - Park, Iljoo
PY - 2019/1/1
Y1 - 2019/1/1
N2 - Studies on innovation and welfare are seemingly unrelated and, currently, scholars of innovation and welfare form distinctive groups. However, recent developments in the fields of business and psychology suggest that a social safety net and the positive mental assets that can be developed by implementing carefully designed welfare programs may stimulate innovative activities within a country. Further, they are closely connected due to their contribution to economic growth, which forms the central tenet of the discourses on both innovation and welfare. In this context, this study uses the patent applications filed under the Patent Co-operation Treaty and social spending data of 35 Organisation for Economic Co-operation and Development countries for the period 2000–2015 to investigate the effect of welfare on innovation. Contrary to the widespread belief that welfare spending can undermine innovative potential, we argue that welfare can harness a country’s innovative potential and contribute to the country’s long-term growth.
AB - Studies on innovation and welfare are seemingly unrelated and, currently, scholars of innovation and welfare form distinctive groups. However, recent developments in the fields of business and psychology suggest that a social safety net and the positive mental assets that can be developed by implementing carefully designed welfare programs may stimulate innovative activities within a country. Further, they are closely connected due to their contribution to economic growth, which forms the central tenet of the discourses on both innovation and welfare. In this context, this study uses the patent applications filed under the Patent Co-operation Treaty and social spending data of 35 Organisation for Economic Co-operation and Development countries for the period 2000–2015 to investigate the effect of welfare on innovation. Contrary to the widespread belief that welfare spending can undermine innovative potential, we argue that welfare can harness a country’s innovative potential and contribute to the country’s long-term growth.
UR - http://www.scopus.com/inward/record.url?scp=85070322734&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85070322734&partnerID=8YFLogxK
U2 - 10.1080/14494035.2019.1641380
DO - 10.1080/14494035.2019.1641380
M3 - Article
AN - SCOPUS:85070322734
JO - Policy and Society
JF - Policy and Society
SN - 1449-4035
ER -