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Schumpeterian patterns of innovation and the sources of breakthrough inventions: evidence from a data-set of R&D awards

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  • Roberto Fontana

    ()

  • Alessandro Nuvolari

    ()

  • Hiroshi Shimizu

    ()

  • Andrea Vezzulli

    ()

Abstract

This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the “R&D 100 awards” competition organized each year by the magazine Research & Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the Schumpeter Mark I/Schumpeter Mark II archetypes. Our main finding is that breakthrough inventions are more likely to emerge in ‘turbulent’ Schumpeter Mark I type of contexts. Copyright Springer-Verlag 2012

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Bibliographic Info

Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 22 (2012)
Issue (Month): 4 (September)
Pages: 785-810

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Handle: RePEc:spr:joevec:v:22:y:2012:i:4:p:785-810

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Related research

Keywords: Innovation patterns; Radical innovations; Schumpeter Mark I and Mark II; O31; O33;

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  1. Freeman, C., 1991. "Networks of innovators: A synthesis of research issues," Research Policy, Elsevier, vol. 20(5), pages 499-514, October.
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  3. van Dijk, Machiel, 2000. "Technological Regimes and Industrial Dynamics: The Evidence from Dutch Manufacturing," Industrial and Corporate Change, Oxford University Press, vol. 9(2), pages 173-94, June.
  4. Granstrand, O & Alange, S, 1995. "The Evolution of Corporate Entrepreneurship in Swedish Industry--Was Schumpeter Wrong?," Journal of Evolutionary Economics, Springer, Springer, vol. 5(2), pages 133-56, June.
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  7. Orietta Marsili & Bart Verspagen, 2002. "Technology and the dynamics of industrial structures: an empirical mapping of Dutch manufacturing," Industrial and Corporate Change, Oxford University Press, vol. 11(4), pages 791-815, August.
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  9. Corrocher, Nicoletta & Malerba, Franco & Montobbio, Fabio, 2007. "Schumpeterian patterns of innovative activity in the ICT field," Research Policy, Elsevier, vol. 36(3), pages 418-432, April.
  10. Breschi, Stefano & Malerba, Franco & Orsenigo, Luigi, 2000. "Technological Regimes and Schumpeterian Patterns of Innovation," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 110(463), pages 388-410, April.
  11. Geweke, John, 1989. "Bayesian Inference in Econometric Models Using Monte Carlo Integration," Econometrica, Econometric Society, Econometric Society, vol. 57(6), pages 1317-39, November.
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