Reconsidering the dynamics of innovation in the natural resource industries

Hossein MahdaviMazdeh, Chad Saunders, Richard William Hawkins and Jim Dewald

Resources Policy, 2021, vol. 72, issue C

Abstract: Despite strong signs of extensive innovation and usage of sophisticated technologies, the natural resource industries are frequently classified as low technology because of their performance on standard innovation indicators. Drawing upon analysis of the compulsory Survey of Innovation and Business Strategy (SIBS) administered by Statistics Canada, this paper investigates how and why natural resource industries innovate. We show that natural resource firms are leaders in the use of advanced technologies, rely less on intellectual property protection and R&D in favor of quasiintegration with suppliers as a source of innovation that is often fueled by regulatory compliance.

Keywords: Natural resource industries; Value chain innovation; Process innovation; Low technology innovation; R&D; Industry characteristics (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:72:y:2021:i:c:s0301420721000611

DOI: 10.1016/j.resourpol.2021.102044

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