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Innovation waves and technological transitions: Sweden, 1909-2016

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  • Taalbi, Josef

    () (Department of Economic History, Lund University)

Abstract

There are important unresolved questions about long-term trends of in- novation activity and the nature of the interplay between innovation and economic development and transformation. This study explores the promise of a literature-based innovation output indicator, constructed for the Swedish engineering industry, 1909-2016. The findings suggest a long-run increasing trend in innovations per capita. Meanwhile, product innovations have also become more complex and it is suggested that crude innovation counts underestimate the long-run innovation performance. In order to analyse innovation and economic development across different frequencies, the study uses a wavelet decomposition approach. The results suggest that innovation activity has surged in periods of intense industry rationalization and struc- tural crisis (1930s, 1970s and 2010s) and that such pulses were intimately connected to the second and third industrial revolutions.

Suggested Citation

  • Taalbi, Josef, 2019. "Innovation waves and technological transitions: Sweden, 1909-2016," Lund Papers in Economic History 196, Lund University, Department of Economic History.
  • Handle: RePEc:hhs:luekhi:0196
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    References listed on IDEAS

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    More about this item

    Keywords

    Innovation; Wavelet analysis; Technological systems;

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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