Mutual Adaptation and Technological Innovation
In evolutionary economics the firm is the sole locus of economic and technological change, and only little is said about the analytical importance of economic relationships. An emerging theme in the fields of economic sociology, however, is the idea that economic activities are embedded in social context. This paper unpacks the notion of embeddedness as a relational concept linking micro-behavior and macro-outcome and relates this to the ongoing discussions on technological innovation and the evolutionary dynamics of firms and industries. It discusses how firms to different degrees are embedded in economic relationships, and how this influences innovative activity (or economic activities more generally) though processes of mutual adaptation. Empirical examples of differently embedded firms in the Danish road haulage sector is put forth, and it is argued that the degree and type of embeddedness matters for innovative activity.
|Date of creation:|
|Contact details of provider:|| Web page: http://www.cbs.dk/forskning_viden/fakulteter_institutter_centre/institutter/oekonomi/ivs/|
When requesting a correction, please mention this item's handle: RePEc:ivs:iivswp:98-11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (J. Petur Joensen)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.