Persistence of Firm Innovative Behavior: Towards an Evolutionary Theory
AbstractA 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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Bibliographic InfoPaper provided by University of Delaware, Department of Economics in its series Working Papers with number 05-14.
Length: 36 pages
Date of creation: 2005
Date of revision:
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More information through EDIRC
Persistence; Innovation; Evolutionary;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-12 (All new papers)
- NEP-ENT-2005-11-12 (Entrepreneurship)
- NEP-EVO-2005-11-12 (Evolutionary Economics)
- NEP-INO-2005-11-12 (Innovation)
- NEP-TID-2005-11-12 (Technology & Industrial Dynamics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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