The Institutional Factors of Strategic Development and the Tactical Regulation of Nanotechology

Daniil Frolov (), Agnessa O. Inshakova and Marina L. Davydova

European Research Studies Journal, 2017, vol. XX, issue 3B, 588-606

Abstract: The analysis of influence of institutional factors on development of technologies is carried out. The generating role of institutions in technological progress is proved. The general logic of an institutionalization of new technological way is presented on an example of nanotechnologies.Institutes are the "weak link" of the concepts and theories of the evolution of technology and technological structures. Most modern theorists of evolutionary economics are focused mainly on the study of the dynamics and forms of scientific and technological progress, especially the mechanisms of nucleation and diffusion of large "clusters" of innovation.In their turn, the institutional economists have concentrated on the analysis of factors and ways to minimize the transaction costs sustained interaction of agents and their organizations "in the high-tech world with a huge degree of specialization and division of labor other than impersonal exchange" (North 1997).In their works only relate to the institutional structure and infrastructure of innovative development, although, as noted by Nelson (2002), the concept of national and regional innovation systems is institutional in nature just on this fact is rarely emphasizes the attention of scientists. As a result, institutional forms and mechanisms of technological evolution is very poorly understood, and their analysis is based on very general ideas about the institutes and institutions.

Keywords: institutions; general purpose technologies; institutionalization; technological progress; nanotechnologies; NBIC-convergence. (search for similar items in EconPapers)
Date: 2017
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