• Elias G. Carayannis
  • David F. J. Campbell
  • Evangelos Grigoroudis
  • Sara Paulina De Oliveira Monteiro
Part of the Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth book series (DIG)


This book aims at defining the impact of public policies and productive public expenditures on innovation activity and economic growth in the Organization for Economic Cooperation and Development (OECD) countries. We take inspiration from the “Quadruple Helix of Innovation” theory (QH). The context of new emerging Bio-Nano-ICT technologies and 4.0 revolution, a context of uncertainty and of emerging new institutions and forms of government, requires a more intensive interaction between companies, the industry, knowledge production centres, the State, and civil society. This interaction can be facilitated by governments and by public policies. These interactions, cooperations, joint competitions, and joint creations are at the core of the QH theory. We have, therefore, chosen the QH theory that highlights the issues of complementarity, cooperation, and sharing of knowledge between the different innovators within the innovation economy, for which we will build an economic growth model in the following chapters in order to frame analytically an innovation economy, and we then assess the role played by governments and by productive public expenditures in a growing innovation economy. In this chapter we address some literature review about QHI theory, National Systems of Innovation, economic growth, and public policies. We wish to stress the importance of investment in innovation as a means to increase the development of productivity in OECD countries in coordination with country-specific science and technology programmes and policies, now with the entire civil society involved.


QHI Theory Investment Public Policies NSI 


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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Elias G. Carayannis
    • 1
  • David F. J. Campbell
    • 2
    • 3
  • Evangelos Grigoroudis
    • 4
  • Sara Paulina De Oliveira Monteiro
    • 5
    • 6
    • 7
    • 8
  1. 1.Department of Information Systems and Technology ManagementSchool of Business, George Washington UniversityWashingtonUSA
  2. 2.Alpen-Adria-University of Klagenfurt, Faculty for Interdisciplinary Studies (iff), Institute of Science Communication and Higher Education Research (WIHO)ViennaAustria
  3. 3.University of Applied Arts Vienna, Unit for Quality Enhancement (UQE)ViennaAustria
  4. 4.Technical University of Crete, School of Production Engineering & Management, University Campus, KounoupidianaChaniaGreece
  5. 5.P-BIO Portugal’s Biotechnology Industry Organization, Biocant ParkCantanhedePortugal
  6. 6.European Banking AuthorityLondonUK
  7. 7.Elixir-Europe.OrgCambridgeshireUK
  8. 8.Católica Porto Business SchoolPortoPortugal

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