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Persistence of Firm Innovative Behavior: Towards an Evolutionary Theory

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Author Info
William R. Latham () (Department of Economics,University of Delaware)
Christian Le Bas

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Abstract

A growing body empirical literature deals with persistence in innovation. However, there is neither a survey of the development and status of the field nor a clear statement of a theory of persistence which includes a formal model of the dynamics of firm persistence. This paper fills these gaps by first providing a survey of previous studies of persistence, then presenting a theory, based on the evolutionary approach, to explain the choice of firms to innovate persistently, sporadically or not at all, and finally describing a formal model which shows some striking results corroborated by recent empirical evidence.

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File URL: http://www.lerner.udel.edu/economics/WorkingPapers/2005/UDWP2005-14.pdf
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Paper provided by University of Delaware, Department of Economics in its series Working Papers with number 05-14.

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Length: 36 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:dlw:wpaper:05-14

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Postal: Purnell Hall, Newark, Delaware 19716
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Web page: http://www.lerner.udel.edu/departments/economics/
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Related research
Keywords: Persistence; Innovation; Evolutionary;

Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary

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