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Transformation of Economic Systems: The Bio-Economy Case

In: Knowledge-Driven Developments in the Bioeconomy

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  • Andreas Pyka

    (University of Hohenheim)

Abstract

To improve sustainability, the global economic system has to undergo severe transformation processes. This chapter deals with the possibility of an innovation-triggered transformation towards a knowledge-based bioeconomy, which is supposed to overcome the current lock-in into a fossil fuel-based CO2-intensive production. To do this, a Neo-Schumpeterian view is applied that highlights the complex interplay in knowledge-generation and -diffusion processes between firms, consumers and government institutions. By applying the Neo-Schumpeterian approach it becomes obvious that innovation and economic growth are part of the solution and not part of the sustainability problem. The shift from quantitative growth—prevailing in textbook economics—to qualitative development—prevailing in Neo-Schumpeterian economics—makes the difference and affects all agents and institutions in an economic system, which needs to be designed as a dedicated innovation system supporting the transformation towards a knowledge-based bioeconomy.

Suggested Citation

  • Andreas Pyka, 2017. "Transformation of Economic Systems: The Bio-Economy Case," Economic Complexity and Evolution, in: Stephan Dabbert & Iris Lewandowski & Jochen Weiss & Andreas Pyka (ed.), Knowledge-Driven Developments in the Bioeconomy, pages 3-16, Springer.
    • Handle: RePEc:spr:eccchp:978-3-319-58374-7_1
    DOI: 10.1007/978-3-319-58374-7_1
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    Cited by:

    1. Ricardo Vargas-Carpintero & Thomas Hilger & Karen Tiede & Carolin Callenius & Johannes Mössinger & Roney Fraga Souza & Juan Carlos Barroso Armas & Frank Rasche & Iris Lewandowski, 2022. "A Collaborative, Systems Approach for the Development of Biomass-Based Value Webs: The Case of the Acrocomia Palm," Land, MDPI, vol. 11(10), pages 1-31, October.
    2. Sophie Urmetzer & Michael P. Schlaile & Kristina B. Bogner & Matthias Mueller & Andreas Pyka, 2018. "Exploring the Dedicated Knowledge Base of a Transformation towards a Sustainable Bioeconomy," Sustainability, MDPI, vol. 10(6), pages 1-22, May.
    3. Michael P. Schlaile & Sophie Urmetzer & Vincent Blok & Allan Dahl Andersen & Job Timmermans & Matthias Mueller & Jan Fagerberg & Andreas Pyka, 2017. "Innovation Systems for Transformations towards Sustainability? Taking the Normative Dimension Seriously," Sustainability, MDPI, vol. 9(12), pages 1-20, December.
    4. JinHyo Joseph Yun & DongKyu Won & KyungBae Park, 2018. "Entrepreneurial cyclical dynamics of open innovation," Journal of Evolutionary Economics, Springer, vol. 28(5), pages 1151-1174, December.
    5. Marko Hakovirta & Navodya Denuwara & Sivashankari Bharathi & Peter Topping & Jorma Eloranta, 2020. "The importance of diversity on boards of directors’ effectiveness and its impact on innovativeness in the bioeconomy," Palgrave Communications, Palgrave Macmillan, vol. 7(1), pages 1-9, December.

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