Book ChapterDOI
Fifty Years of Empirical Studies of Innovative Activity and Performance
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The authors reviewed the empirical literature on the determination of firms and industries' innovative activity and performance, highlighting the questions addressed, the approaches adopted, impediments to progress in the field, and research opportunities.Abstract:
This chapter reviews the empirical literature on the determination of firms’ and industries’ innovative activity and performance, highlighting the questions addressed, the approaches adopted, impediments to progress in the field, and research opportunities. We review the “neo-Schumpeterian” empirical literature that examines the effects of firm size and market concentration upon innovation, focusing on robust findings, questions of interpretation, and the identification of major gaps. We also consider the more modest literature that considers the effect on innovation of firm characteristics other than size. Finally, we review the literature that considers three classes of factors that affect interindustry variation in innovative activity and performance: demand, appropriability, and technological opportunity conditions.read more
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The Oxford Handbook of Innovation
TL;DR: The Oxford Handbook of Innovation as mentioned in this paper provides a comprehensive and holistic understanding of the phenomenon of innovation, with a focus on firms and networks, and the consequences of innovation with respect to economic growth, international competitiveness, and employment.
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An Overview of Innovation
TL;DR: The process of innovation must be viewed as a series of changes in a complete system not only of hardware, but also of market environment, production facilities and knowledge, and the social contexts of the innovation organization as discussed by the authors.
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Technology and the Pursuit of Economic Growth.
TL;DR: Mowery and Rosenberg as discussed by the authors argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies.
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Resources as dual sources of advantage: Implications for valuing entrepreneurial-firm patents
TL;DR: In this article, the authors provide new evidence that patents confer dual advantages in strategic factor markets, improved access and terms of trade, above and beyond their added product-market protection, and have important implications for empirical tests of resource-based theory and the measurement of resource value.
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Innovation policy: What, why, and how
TL;DR: In the last two to three decades policy-makers have increasingly became concerned about the role of innovation for economic performance and, more recently, for the solution of challenges that arise (such as the climate challenge) as discussed by the authors.
References
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Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
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An Evolutionary Theory of Economic Change
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Capitalism, Socialism and Democracy
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The theory of economic development
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