Organizational versus Technological Determinants of Innovation
In this paper, we analyze, estimate and compare five prototypic models of innovation, from a simple learning-by-doing model to an elaborated model that includes financial, organizational and technological determinants of innovation. From the comparison of the five models we conclude that institutions - in particular the national system of innovation - and organizations matter. The importance of networks and the importance of information flows from different economic actors add to the explanatory power and gives the best model fit among all models specified.
|Date of creation:||Dec 2000|
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- Martin, Stephen & Scott, John T., 2000.
"The nature of innovation market failure and the design of public support for private innovation,"
Elsevier, vol. 29(4-5), pages 437-447, April.
- Stephen Martin & John T. Scott, 1999. "The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation," CIE Discussion Papers 1999-02, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
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- Jan Fagerberg, 1999. "The Economic Challenge for Europe: Adapting to Innovation-Based Growth," Working Papers 2, Centre for Technology, Innovation and Culture, University of Oslo.
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- Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-1171, September.
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