The technology policy experiment as a policy research tool |
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| Authors: | Gregory Tassey |
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| Institution: | US National Bureau of Standards, Gaithersburg, MD 20899 USA |
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| Abstract: | The use of experimentation as a policy change tool is described and assessed, based on the experience of the Experimental Technology Incentives Program (ETIP). ETIP conducted innovation-related policy experiments with U.S. government agencies in the areas of regulation, procurement, venture capital, R&D funding, and technology commercialization. A case study of a policy experiment with new analytical and institutional procedures for monitoring the impacts of venture capital market regulations is used to show how the policy experiment can provide an iterative and low-risk, low-cost approach to policy change. Equally important, instututionalization of the procedures for monitoring existing policies and the provision of decision-relevant information are shown to be important benefits from policy experimentation in the context of the overall policy change process. The reasons behind ETIP's termination after 10 years of operation are themselves important lessons for institutions involved in the development and management of industry growth policies. |
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