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New Technology-Based Firms In Sweden - A Study Of Their Direct Impact On Industrial Renewal

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  • Annika Rickne
  • Staffan Jacobsson

Abstract

The purpose of this paper is to analyse some of the ways in which new tcchnology-bascd firms (NTBFs), started after 1975, have contributed to the process of industrial renewal in Sweden. For this purpose, we have developed a novel way of operationalizing the concept of NTBFs and of identifying the population of such companies in Sweden. The method relies heavily on unique data on the educational background of the firm's staff. We found that NTBFs constitute a relatively small but growing phenomenon in Sweden. Although small in magnitude, the firms have contributed to industrial renewal by increasing the knowledge-intensity and science base of Swedish industry and industry-related services. They have also contributed somewhat to the redirection of the knowledge base in Sweden in favour of skills which are central to the innovation process in growth sectors, primarily computer science skills.

Suggested Citation

  • Annika Rickne & Staffan Jacobsson, 1999. "New Technology-Based Firms In Sweden - A Study Of Their Direct Impact On Industrial Renewal," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(3), pages 197-223.
  • Handle: RePEc:taf:ecinnt:v:8:y:1999:i:3:p:197-223 DOI: 10.1080/10438599900000009
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    References listed on IDEAS

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    8. repec:fth:harver:1473 is not listed on IDEAS
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    Cited by:

    1. Goldfarb, Brent & Henrekson, Magnus & Rosenberg, Nathan, 2001. "Demand vs. Supply Driven Innovations: US and Swedish Experiences in Academic Entrepreneurship," SSE/EFI Working Paper Series in Economics and Finance 0436, Stockholm School of Economics.
    2. Åsa Lindholm Dahlstrand, 1999. "Technology-based SMEs in the Go ¨teborg Region: Their Origin and Interaction with Universities and Large Firms," Regional Studies, Taylor & Francis Journals, pages 379-389.
    3. Magnus Henrekson, 2005. "Entrepreneurship: a weak link in the welfare state?," Industrial and Corporate Change, Oxford University Press, pages 437-467.
    4. Xiao , Jing, 2014. "Ownership Change, Multinationals, and Growth of New Technology-Based Firms," Papers in Innovation Studies 2014/24, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    5. Lofsten, Hans & Lindelof, Peter, 2002. "Science Parks and the growth of new technology-based firms--academic-industry links, innovation and markets," Research Policy, Elsevier, pages 859-876.
    6. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9475-6 is not listed on IDEAS
    7. Magnus Henrekson & Jesper Roine, 2007. "Promoting Entrepreneurship in the Welfare State," Chapters,in: Handbook of Research on Entrepreneurship Policy, chapter 5 Edward Elgar Publishing.
    8. Isabel Diez-Vial & Angeles Montoro-Sanchez, 2017. "Research evolution in science parks and incubators: foundations and new trends," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(3), pages 1243-1272, March.
    9. Davidsson, Per & Henrekson, Magnus, 2002. "Determinants of the Prevalence of Start-Ups and High-Growth Firms," Small Business Economics, Springer, pages 81-104.
    10. Jing Xiao, 2015. "The effects of acquisition on the growth of new technology-based firms: Do different types of acquirers matter?," Small Business Economics, Springer, pages 487-504.
    11. Olof Ejermo & Jing Xiao, 2014. "Entrepreneurship and survival over the business cycle: how do new technology-based firms differ?," Small Business Economics, Springer, pages 411-426.
    12. Staffan Jacobsson & Asa Lindholm Dahlstrand & Lennart Elg, 2011. "Is the commercialisation of European academic R&D weak? - a critical assessment of a 'dominant belief' and associated policy responses," ERSA conference papers ersa10p1603, European Regional Science Association.
    13. Staffan Jacobsson, 2002. "Universities and industrial transformation: An interpretative and selective literature study with special emphasis on Sweden," SPRU Working Paper Series 81, SPRU - Science and Technology Policy Research, University of Sussex.
    14. Goldfarb, Brent & Henrekson, Magnus, 2001. "Bottom-Up vs. Top-Down Policies towards the Commercialization of University Intellectual Property," SSE/EFI Working Paper Series in Economics and Finance 463, Stockholm School of Economics, revised 26 May 2002.
    15. Jacobsson, Staffan & Lindholm-Dahlstrand, Åsa & Elg, Lennart, 2013. "Is the commercialization of European academic R&D weak?—A critical assessment of a dominant belief and associated policy responses," Research Policy, Elsevier, pages 874-885.
    16. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
    17. Magnus Henrekson & Jesper Roine, 2007. "Promoting Entrepreneurship in the Welfare State," Chapters,in: Handbook of Research on Entrepreneurship Policy, chapter 5 Edward Elgar Publishing.
    18. Lindelöf, Peter & Löfsten, Hans, 2002. "Growth, management and financing of new technology-based firms--assessing value-added contributions of firms located on and off Science Parks," Omega, Elsevier, vol. 30(3), pages 143-154, June.
    19. Kato, Masatoshi & Zhou, Haibo, 2018. "Numerical labor flexibility and innovation outcomes of start-up firms: A panel data analysis," Technovation, Elsevier, vol. 69(C), pages 15-27.
    20. repec:eee:techno:v:64-65:y:2017:i::p:43-49 is not listed on IDEAS

    More about this item

    Keywords

    New technology-based firms; Industrial renewal; Growth sectors; Sweden JEL Classification: L00; O30;

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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