The hunt for S-shaped growth paths in technological innovation: a patent study
AbstractSince the works by the business cycle theorists in the 1930s, no attempts have been made to study empirically the long term evolution paths of individual technologies starting with long time series. This is an empirical exploration and confirmation of the now almost assumed image or metaphor of the way technology develops; that it follows an S-shaped growth path which is commonly associated with a similar shaped diffusion function of entrepreneurial activity. The paper also confirms the diversity of technology dynamics and explores how technological cycle takeoffs appear to be clustered within certain historical epochs. The results have implications for our understanding of the evolution paths of individual technologies, and of the evolution of technological systems and waves of innovation.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Evolutionary Economics.
Volume (Year): 9 (1999)
Issue (Month): 4 ()
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Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- P49 - Economic Systems - - Other Economic Systems - - - Other
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- Bastian Rake, 2013.
"Determinants of Pharmaceutical Innovation: The Role of Technological Opportunities Revisited,"
DRUID Working Papers
13-03, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
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- Haupt, Reinhard & Kloyer, Martin & Lange, Marcus, 2007. "Patent indicators for the technology life cycle development," Research Policy, Elsevier, vol. 36(3), pages 387-398, April.
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