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1 UQ Economics Discussion Paper No. 403: Department of Economics, University of Queensland. And Centre for Business Research Working Paper 397, University of Cambridge. Systems thinking, market failure, and the development of innovation policy: The case of Australia. Mark Dodgson1 Alan Hughes2 John Foster3 Metcalfe4 1. Technology and Innovation Management Centre, University of Queensland Business School; University of Queensland, Brisbane, Australia Corresponding author. 2. Centre for Business Research and UK Innovation Research Centre, Judge Business School; University of Cambridge; Cambridge , UK 3. Department of Economics, University of Queensland, Brisbane, Australia 4. University of Manchester, Manchester, UK January, 2010 2 Abstract Innovation policy is increasingly informed from the perspective of a national innovation system (NIS), but, despite the fact that research findings emphasize the importance of national differences in the framing conditions for innovation, policy prescriptions tend to be uniform.
4 indicators of performance, such as US patenting, found in some analyses (see e.g. the observations of Smith,
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