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Collaborative innovation blocs and antifragility

Author

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  • Elert, Niklas
  • Henrekson, Magnus

Abstract

We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive, especially regarding policy prescriptions. Such policy actions should strive to improve the antifragility of CIBs and the economic system as a whole, thus enabling individual CIBs and the broader economic system to thrive when faced with adversity. With this in mind, we develop heuristics to evaluate CIB antifragility before using Sweden's economic and institutional evolution since the 1970s as a backdrop for identifying a set of institutional areas where reform can be undertaken to move in this direction.

Suggested Citation

  • Elert, Niklas & Henrekson, Magnus, 2020. "Collaborative innovation blocs and antifragility," Journal of Institutional Economics, Cambridge University Press, vol. 16(4), pages 537-552, August.
    • Handle: RePEc:cup:jinsec:v:16:y:2020:i:4:p:537-552_11
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    Cited by:

    1. Ljunge, Martin & Stenkula, Mikael, 2021. "Fertile soil for intrapreneurship: impartial institutions and human capital," Journal of Institutional Economics, Cambridge University Press, vol. 17(3), pages 489-508, June.
    2. Xu, Kunliang & Shao, Yanmin & Hu, Yiwen, 2025. "Antifragility or threat-rigidity: the impact of board environmental policy uncertainty perception on corporate exploratory and exploitative green technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 216(C).
    3. Xu, Kunliang & Shao, Yanmin & Hu, Yiwen, 2025. "Responding to perceived environmental policy uncertainty with green technological innovation engagement: Evidence from a text-based measure," Energy Economics, Elsevier, vol. 142(C).

    More about this item

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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