Modeling Novelty-Driven Industrial Dynamics with Design Functions: understanding the role of learning from the unknown
AbstractIn his synthesis on industrial dynamics, Malerba called for a renewal of the models for the dynamic analysis of innovation and the evolution of industries . To go this way we investigate the relationship between knowledge dynamics, innovation dynamics, and sectoral growth in the particular case of Schumpeterian "development" . 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".
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series Post-Print with number hal-00696970.
Date of creation: 2010
Date of revision:
Publication status: Published - Presented, International Schumpeter Society Conference, 2010, Denmark
Note: View the original document on HAL open archive server: http://hal-ensmp.archives-ouvertes.fr/hal-00696970
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
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.:
- Castellacci, Fulvio, 2007. "Technological regimes and sectoral differences in productivity growth," MPRA Paper 27598, University Library of Munich, Germany.
- Richard N. Langlois, 2000. "Knowledge, Consumption, and Endogenous Growth," Working papers, University of Connecticut, Department of Economics 2000-02, University of Connecticut, Department of Economics.
- 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.
- Samaniego, Roberto M., 2007. "R D And Growth: The Missing Link?," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 11(05), pages 691-714, November.
- 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.
- MarÃa-Isabel Encinar & FÃ©lix-Fernando MuÃ±oz, 2006. "On novelty and economics: Schumpeterâ€™s paradox," Journal of Evolutionary Economics, Springer, Springer, vol. 16(3), pages 255-277, August.
- 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.
- Martin Fransman & Jackie Krafft, 2002. "Telecommunications," Post-Print hal-00212269, HAL.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If references are entirely missing, you can add them using this form.