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Receptive Capacity of Established Industries as a Limiting Factor in the Economy's Rate of Innovation¹

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  • Paul Robertson
  • Eduardo Pol
  • Peter Carroll

Abstract

Although scholars and policy makers have widely acknowledged the importance of so-called high-technology industries as drivers of economic change, they have paid insufficient attention to the interaction between high-tech sectors and the remainder of the economy in developed countries. We contend that any constructive view of economic change must recognize the importance of the diffusion of innovative products and processes to the economy as a whole through the role that firms in established sectors play as customers and suppliers for high-tech firms. It is important to insure that the ""Receptive Capacity'' that these firms bring to innovative situations is as high as possible. To demonstrate our point, we first use ""old'' growth theory to develop a model of economic change and then show how this model ties in with ""new' ' growth theory by providing a convincing justification for investment in R&D and other innovative activities.

Suggested Citation

  • Paul Robertson & Eduardo Pol & Peter Carroll, 2003. "Receptive Capacity of Established Industries as a Limiting Factor in the Economy's Rate of Innovation¹," Industry and Innovation, Taylor & Francis Journals, vol. 10(4), pages 457-474.
  • Handle: RePEc:taf:indinn:v:10:y:2003:i:4:p:457-474
    DOI: 10.1080/1366271032000163685
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    References listed on IDEAS

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    1. William D. Nordhaus, 2002. "Productivity Growth and the New Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 211-265.
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    Cited by:

    1. Kyläheiko, Kalevi & Jantunen, Ari & Puumalainen, Kaisu & Luukka, Pasi, 2011. "Value of knowledge--Technology strategies in different knowledge regimes," International Journal of Production Economics, Elsevier, vol. 131(1), pages 273-287, May.
    2. Heidenreich, Martin, 2009. "Innovation patterns and location of European low- and medium-technology industries," Research Policy, Elsevier, vol. 38(3), pages 483-494, April.
    3. Lichtenthaler, Ulrich, 2010. "Determinants of proactive and reactive technology licensing: A contingency perspective," Research Policy, Elsevier, vol. 39(1), pages 55-66, February.
    4. Robertson, Paul L. & Patel, Parimal R., 2007. "New wine in old bottles: Technological diffusion in developed economies," Research Policy, Elsevier, vol. 36(5), pages 708-721, June.
    5. Paul L. Robertson & David Jacobson, 2011. "Knowledge Transfer and Technology Diffusion: An Introduction," Chapters,in: Knowledge Transfer and Technology Diffusion, chapter 1 Edward Elgar Publishing.
    6. Freddi, Daniela, 2009. "The integration of old and new technological paradigms in low- and medium-tech sectors: The case of mechatronics," Research Policy, Elsevier, vol. 38(3), pages 548-558, April.
    7. Marín, Anabel & Stubrin, Lilia & Gibbons, María Amelia, 2014. "Technological capacity-building in unstable settings: Manufacturing firms in Argentina and Brazil," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    8. Isabel Schwinge, 2014. "Readjusting the perspective on LMT firms in product supply chains in light of knowledge-intensive activity," Chapters,in: Knowledge-Intensive Entrepreneurship in Low-Tech Industries, chapter 8, pages 166-190 Edward Elgar Publishing.
    9. Ewa Balcerowicz & Marek Peczkowski & Anna Wziatek-Kubiak, 2009. "The Innovation Patterns of Firms in Low and High Technology Manufacturing Sectors in the New Member States," CASE Network Studies and Analyses 0390, CASE-Center for Social and Economic Research.
    10. José L. Hervas-Oliver & José Albors, 2011. "Resources and Innovation in Low-tech Industries: An Empirical Study of Clusters in Spain and Italy," Chapters,in: Knowledge Transfer and Technology Diffusion, chapter 2 Edward Elgar Publishing.

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