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Scientific ideas and innovative behavior

In: Elgar Encyclopedia on the Economics of Knowledge and Innovation

Author

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  • Albert N. Link

Abstract

A common paradigm in the technology and innovation literature is one that associates levels of investment in R&D with innovative behavior and economic progress and growth. However, this paradigm implicitly assumes that when increased investments in R&D result from public sector technology-based initiative then the recipient firms or public sector agencies will allocate those funds to creative new projects as opposed to more-of-the-same projects. For the allocation new R&D resources to be more effective in generating new technologies and enhanced innovative behavior, an understanding of the genesis of new scientific ideas is paramount. However, there is only a limited body of literature on the nexus between scientific ideas and innovative behavior, and this paper characterizes that literature and offers a solution for better informed technology policies.

Suggested Citation

  • Albert N. Link, 2022. "Scientific ideas and innovative behavior," Chapters, in: Cristiano Antonelli (ed.), Elgar Encyclopedia on the Economics of Knowledge and Innovation, chapter 56, pages 445-451, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19760_56
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