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Innovation and the evolution of industries

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Abstract

The analysis of innovation and the evolution of industries has witnessed major progress in several areas. In the last years, several contributions at the empirical, appreciative, econometric and modelling levels have greatly advanced our understanding of innovation, industrial dynamics and the evolution of industries. This paper reviews these contributions. A discussion follows on four key challenges that are required for a better understanding of the relationship between innovation and the evolution of industries: the analyses of demand, knowledge, networks and coevolution.

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Notes

  1. Kogut relates the type of network to factors such as technology, resource bottleneck, competing and regulatory rules and strength of property rights, and does it for broad industries such as microprocessors, information technology, software operating systems, pharmaceuticals and biotechnology, automobile and financial markets.

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Correspondence to Franco Malerba.

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This is the Presidential Address delivered at the International Schumpeter Society meeting held in Milan in June 2004.

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Malerba, F. Innovation and the evolution of industries. J Evol Econ 16, 3–23 (2006). https://doi.org/10.1007/s00191-005-0005-1

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