Is small actually big? The chaos of technological change

Shih-Chang Hung and Min-Fen Tu

Research Policy, 2014, vol. 43, issue 7, 1227-1238

Abstract: In this paper, we develop themes from complexity and chaos theory that help to explain the technological change process. We apply two quantifiers, correlation dimensions and Lyapunov exponents, to examine the signs and degrees of chaotic technological dynamics. To illustrate our ideas, we study the development of electronic displays from 1976 to 2010, using patent data. The results of the chaos model are matched against the profiles of patent citations. Our analysis contributes to the development of a chaotic model of technological change.

Keywords: Chaos theory; Complexity; Technological change; Technology trajectory; Display industry (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0048733314000420
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:43:y:2014:i:7:p:1227-1238

DOI: 10.1016/j.respol.2014.03.003

Access Statistics for this article

Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

More articles in Research Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().