UCL Institute for Innovation and Public Purpose


Innovation and social welfare: a new research agenda

10 November 2021, 5:00 pm–6:30 pm

This image is a graphic for the talk titled 'Innovation and social welfare'. This talk forms part of the IIPP Research Seminar Series

Join us to hear Fulvio Castellacci talk about his research on innovation and social welfare. This talk will be chaired by IIPP’s Antonio Andreoni with a discussion from Rainer Kattel (IIPP). Followed by questions from the audience.

This event is free.

Event Information

Open to







IIPP Comms

Watch now

Innovation research is motivated by the understanding that innovation contributes to address societal challenges and foster welfare. Extant research in this field has however adopted a rather narrow definition of social welfare, which focuses on economic performance and material well-being, and that mostly disregards distributional impacts of innovation.  This event will outline a new research agenda that will investigate the impacts of innovation on individuals’ well-being and aggregate social welfare. 

The new research program has two major pillars. First, it adopts a broader notion of agents’ well-being that comprises also non-economic factors and capabilities alongside income and material wealth. Second, it argues that welfare analyses of innovation must explicitly take into account equity and social justice in addition to efficiency and economic performance. 

This new research agenda opens up several novel questions for future innovation research and policy-making, pointing to the existence of trade-offs and dilemmas between efficiency and equity, and between short- and long-run impacts of innovation on social welfare.

Background material linked to this seminar

'Innovation and social welfare: A new research agenda' by Fulvio Castellacci

Read more about the IIPP seminar series 2021-2022

About the Speaker

Fulvio Castellacci

Director at TIK Centre for Technology, Innovation and Culture, University of Oslo

Fulvio Castellacci

Fulvio Castellacci is Professor in Innovation Studies, and Director of the TIK Centre (University of Oslo). He holds a PhD in innovation studies from the University of Oslo, and a PhD in economics from the University of Rome La Sapienza. His research interests are in the field of the economics of innovation, and particularly R&D and innovation policy, innovation in firms and industries, and the impacts of innovation on well-being.
More info