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Modeling Novelty-Driven Industrial Dynamics with Design Functions: understanding the role of learning from the unknown

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  • Pascal Le Masson

    ()
    (CGS - Centre de Gestion Scientifique - Mines ParisTech)

  • Armand Hatchuel

    ()
    (CGS - Centre de Gestion Scientifique - Mines ParisTech)

  • Benoît Weil

    ()
    (CGS - Centre de Gestion Scientifique - Mines ParisTech)

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    Abstract

    In his synthesis on industrial dynamics, Malerba called for a renewal of the models for the dynamic analysis of innovation and the evolution of industries [1]. To go this way we investigate the relationship between knowledge dynamics, innovation dynamics, and sectoral growth in the particular case of Schumpeterian "development" [2]. Our analysis is based on a model where economic actors (suppliers and customers) are represented by design functions, endogenizing the generation of "unknown" products, the regeneration of competences and of utility functions. We use the model to simulate four situations of industrial dynamic characterized by the (successful or impeded) emergence of novelty: automotive industry, pharmaceutical and biotech industry, semiconductor industry and orphan innovation in cleantech. This model shows that the success of "novelty-oriented" industrial dynamics depends on the efficiency of the coupling between design functions in the economy. We show that 1) good suppliers' profit and customers user-value relies on a sparing of knowledge and novelty; 2) coupling is based less on the initial level of competences and knowledge capitalization than on learning from "unknown" products; 3) learning from the unknown creates externalities, so that the exploration of the unknown appears as a new kind of "common good".

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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number hal-00696970.

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    Date of creation: 2010
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    Publication status: Published - Presented, International Schumpeter Society Conference, 2010, Denmark
    Handle: RePEc:hal:journl:hal-00696970

    Note: View the original document on HAL open archive server: http://hal-ensmp.archives-ouvertes.fr/hal-00696970
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    1. Martin Fransman & Jackie Krafft, 2002. "Telecommunications," Post-Print hal-00212269, HAL.
    2. Ron Adner & Peter Zemsky, 2005. "Disruptive Technologies and the Emergence of Competition," RAND Journal of Economics, The RAND Corporation, vol. 36(2), pages 229-254, Summer.
    3. Samaniego, Roberto M., 2007. "R D And Growth: The Missing Link?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(05), pages 691-714, November.
    4. Klepper, Steven, 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle," American Economic Review, American Economic Association, vol. 86(3), pages 562-83, June.
    5. Castellacci, Fulvio, 2007. "Technological regimes and sectoral differences in productivity growth," MPRA Paper 27598, University Library of Munich, Germany.
    6. Richard N. Langlois, 2000. "Knowledge, Consumption, and Endogenous Growth," Working papers 2000-02, University of Connecticut, Department of Economics.
    7. Thomas Grebel & Jackie Krafft & Pier-Paolo Saviotti, 2006. "On the Life Cycle of Knowledge Intensive Sectors," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 63-85.
    8. María-Isabel Encinar & Félix-Fernando Muñoz, 2006. "On novelty and economics: Schumpeter’s paradox," Journal of Evolutionary Economics, Springer, vol. 16(3), pages 255-277, August.
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