Exploration is both a risky activity and a key ingredient in the strategy of firms that strive for radical innovations. This paper investigates a dual facet of the exploratory component of R&D activities with regards to innovation failures: while exploration increases firms' exposure to failure,...

Along with all other defence-related issues, defence research is a controversial area for EU action. Until recently, defence issues have not figured prominently among EU policy discussions and defence research has played little, if any, role in European technology policy. Although the Framework...

Progress in our understanding of the role of knowledge in the economy, based on Nelson and Winter's book published in 1982, has been mixed. It has been greatest when their concepts have been enriched by empirical evidence, often coming from outside evolutionary economics. It has been least when...

This paper explains the success and failure of two technologies that generate electricity from fossil fuels. Both the Combined Cycle Gas Turbine (CCGT) and fluidised bed boiler burn fossil fuels more cleanly than more traditional technologies. Whereas the CCGT has been used for an increasing...

This paper brings together data from 14 OECD countries on scientific publications, patents and production specialisation to explore the relationship between economic and production specialisation for 17 manufacturing sectors. Since Marx, there has been a fundamental debate in economics about the...

The sustained rate of technological change in the telecommunications industry has opened up significant windows of opportunities for telecommunications networks operators to develop value-added services and multimedia applications. The growth of the Internet raises the issue of a possible...

In the context of increasingly globalized markets, ever more complex supply chains and international manufacturing networks, corporate decision-making processes involve more and more actors, variables and criteria. This is a challenge for corporate head quarters. Many have argued that the role...