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Agents intentionality, capabilities and the performance of Systems of Innovation

Listed author(s):
  • Muñoz, Félix

    ()

    (Departamento de Análisis Económico (Teoría e Historia Económica). Universidad Autónoma de Madrid.)

  • Encinar, María Isabel

    ()

We are interested on why and how an economic system evolves and, in particular, on the causes of the differences across systems of innovation (SI). SI’s performance differs substantially because there are specific causes at work, apart from the differences in the underlying technologies, institutions, etc. In particular, we refer to the intentionality of the agents interacting within a system for innovation to find out the relationship between agents’ goals, SI’s performance and its policy implications. The underlying thesis in this paper is that agent intentionality is a necessary condition for a substantive explanation of the dynamism of any socio-economic system. The paper departs from an abstract definition of a system as a set of constitutive elements and the connections among them serving a common purpose. And explores how intentionality shapes the structure, evolution and performance of an SI. In this context an evolutionary efficiency criterion is proposed.

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File URL: http://www.uam.es/departamentos/economicas/analecon/especifica/mimeo/wp20113.pdf
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Paper provided by Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History) in its series Working Papers in Economic Theory with number 2011/03.

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Length: 24 pages
Date of creation: Jun 2011
Handle: RePEc:uam:wpaper:201103
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  1. John Foster & Stan Metcalfe, 2009. "Evolution and economic complexity: an overview," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 607-610.
  2. Ulrich Witt, 2009. "Novelty and the bounds of unknowledge in economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 16(4), pages 361-375.
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  11. Bergek, Anna & Jacobsson, Staffan & Carlsson, Bo & Lindmark, Sven & Rickne, Annika, 2008. "Analyzing the functional dynamics of technological innovation systems: A scheme of analysis," Research Policy, Elsevier, vol. 37(3), pages 407-429, April.
  12. Philip Cooke, 2001. "New Economy Innovation Systems: Biotechnology In Europe And The Usa," Industry and Innovation, Taylor & Francis Journals, vol. 8(3), pages 267-289.
  13. Davide Consoli & Ronnie Ramlogan, 2008. "Out of sight: problem sequences and epistemic boundaries of medical know-how on glaucoma," Journal of Evolutionary Economics, Springer, vol. 18(1), pages 31-56, February.
  14. Cooke, Philip & Gomez Uranga, Mikel & Etxebarria, Goio, 1997. "Regional innovation systems: Institutional and organisational dimensions," Research Policy, Elsevier, vol. 26(4-5), pages 475-491, December.
  15. Richard Nelson, 2006. "Evolutionary social science and universal Darwinism," Journal of Evolutionary Economics, Springer, vol. 16(5), pages 491-510, December.
  16. Felin, Teppo & Foss, Nicolai J., 2009. "Organizational routines and capabilities: Historical drift and a course-correction toward microfoundations," Scandinavian Journal of Management, Elsevier, vol. 25(2), pages 157-167, June.
  17. J. Metcalfe, 2004. "The entrepreneur and the style of modern economics," Journal of Evolutionary Economics, Springer, vol. 14(2), pages 157-175, 06.
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  19. Teppo Felin & Nicolai Foss, 2006. "Individuals and Organizations Thoughts on a Micro-Foundations Project for Strategic Management and Organizational Analysis," DRUID Working Papers 06-01, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
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