Firms need to access skills, capital, and customers to enter into an industry initially, and the choices they make to access these resources are likely to exert path dependent influences over subsequent entry behavior into new submarkets. This paper explores how firms configure themselves to...

Firms need to access skills, capital, and customers to enter into an industry initially, and the choices they make to access these resources are likely to exert path dependent influences over subsequent entry behavior into new submarkets. This paper explores how firms configure themselves to...

This paper presents a somewhat novel theory of innovation in the economy wide setting. The starting point for this theory is the creative destruction process at the firm and industry level. However, an extension to an economy wide setting requires the explicit theorization of the role of the...

The paper unravels the subversive nature of Schumpeter’s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, 'creative destruction’ leads to economic development 'from within’...

The Ministry of Economic Development ran a series of seminars about economic growth in 2004. One was an economic history of economic growth in New Zealand, three were on different and sometimes contradictory conceptual ways of thinking about economic growth – endogenous growth theory, Austrian...

We draw on diverse data sets to compare the institutional organization of upstream life science research across the United States and Europe. Understanding cross-national differences in the organization of innovative labor in the life sciences requires attention to the structure and evolution of...

The objective of the paper is to define the trajectory of economic institutional reforms in Russia as a framework of S&T policies. The methodology of this research is based upon the institutional matrices theory (Кирдина, 2001; Kirdina, 2003). The hypothesis claims that the “institutional...

The economic return of cluster policies has been recently called into question. Essentially based on a “one size fits all” approach consisting in boosting R&D collaborations and reinforcing network density in regions, cluster policies are suspected to have failed in reaching their...

A merger between two innovation competitors is often suspected to reduce the variety of heterogeneous entities which are currently undertaking R&D or which are well situated to undertake R&D in a certain field. The consequential reduction of “diversity” can be detrimental to innovation...

One of the most influential evolutionary model in Nelson and Winter's book is the one dealing with industrial dynamics (chapter 12). From that model came out meaningful insights about market structure and technological change relationship. Despite the improvements made by evolutionary models...