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Diversity, novelty and satisfactoriness in health innovation

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  • Carlos Bianchi

    (Universidad de la República)

Abstract

How innovations emerge and what path they follow is a central topic in evolutionary economics. This paper contributes to this stream of literature by presenting empirical evidence on health innovation patterns in a small middle-income country. Moreover, it has theoretical implications in terms of understanding the selection process of health-related innovations. A qualitative processual analysis of five case studies in the Uruguayan health innovation system was conducted between 2007 and 2017. The paper analyzes how the diversity degree of the specific domain where innovation emerges determines two basic evaluation criteria of innovation fitness: novelty and satisfactoriness. Moreover, the research shows how market and non-market institutional mechanisms define these criteria. Based on this theoretical framework, results show how different types of innovations have been developed with different degrees of novelty, according to their satisfactoriness for the specific requirements of the Uruguayan health innovation system.

Suggested Citation

  • Carlos Bianchi, 2019. "Diversity, novelty and satisfactoriness in health innovation," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 1059-1081, July.
    • Handle: RePEc:spr:joevec:v:29:y:2019:i:3:d:10.1007_s00191-019-00619-w
    DOI: 10.1007/s00191-019-00619-w
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    More about this item

    Keywords

    Health innovation; Diversity; Novelty; Satisfactoriness; Qualitative research; Small middle-income countries;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • I10 - Health, Education, and Welfare - - Health - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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