G2TT
来源类型Article
规范类型其他
DOI10.1093/icc/dtt019
ISBN0960-6491
The risk-reward nexus in the innovation-inequality relationship: who takes the risks? Who gets the rewards?
Lazonick, William; Mazzucato, Mariana
发表日期2013-08
出处Industrial and Corporate Change
出版者Oxford University Press
出版年2013
页码1093-1128
语种英语
摘要We present a framework, called the Risk-Reward Nexus, to study the relationship between innovation and inequality. We ask the following question: What types of economic actors (workers, taxpayers, shareholders) make contributions of effort and money to the innovation process for the sake of future, inherently uncertain, returns? Are these the same types of economic actors who are able to appropriate returns from the innovation process if and when they appear? That is, who takes the risks and who gets the rewards? We argue that it is the collective, cumulative,and uncertain characteristics of the innovation process that make this disconnect between risks and rewards possible. We conclude by sketching out key policy implications of the Risk-Reward Nexus approach. JEL classification: 014, 015, 031.
特色分类H Social Sciences
URLhttp://sro.sussex.ac.uk/id/eprint/45821/
来源智库Science Policy Research Unit (United Kingdom)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/468192
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Lazonick, William,Mazzucato, Mariana. The risk-reward nexus in the innovation-inequality relationship: who takes the risks? Who gets the rewards?. 2013.
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