Abstract
The objectives of this chapter are to provide the reader with a more comprehensive understanding of the concept of persistence in innovation, to distinguish its roles in each of two distinct analytical frameworks, to describe its current status as a research area, and finally to identify its principal determinants. First we elaborate our definition of the subject. Then we discuss the significance of persistence in innovation both in the standard neoclassical approach of industrial organization and in a Schumpeterian model of industrial dynamics. Next we provide a survey of the principal empirical literature on the subject. The final section of the chapter provides an overview of what we believe are the main factors determining persistence in innovation.
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Le Bas, C., Latham, W. (2006). Persistence in Innovation: Definitions and Current Development of the Field. In: Latham, W.R., Le Bas, C. (eds) The Economics of Persistent Innovation: An Evolutionary View. Economics of Science, Technology and Innovation, vol 31. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-29245-8_1
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DOI: https://doi.org/10.1007/978-0-387-29245-8_1
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