Schumpeterian patterns of innovation and the sources of breakthrough inventions: evidence from a data-set of R&D awards

Roberto Fontana, Alessandro Nuvolari, Hiroshi Shimizu and Andrea Vezzulli ()

Journal of Evolutionary Economics, 2012, vol. 22, issue 4, 785-810

Abstract: This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the “R&D 100 awards” competition organized each year by the magazine Research & Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the Schumpeter Mark I/Schumpeter Mark II archetypes. Our main finding is that breakthrough inventions are more likely to emerge in ‘turbulent’ Schumpeter Mark I type of contexts. Copyright Springer-Verlag 2012

Keywords: Innovation patterns; Radical innovations; Schumpeter Mark I and Mark II; O31; O33 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (17)

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Related works:
Chapter: Schumpeterian Patterns of Innovation and the Sources of Breakthrough Inventions: Evidence from a Data-set of R&D Awards (2013)
Working Paper: Schumpeterian Patterns of Innovation and the Sources of Breakthrough Inventions: Evidence from a Data-Set of R&D Awards (2012)
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DOI: 10.1007/s00191-012-0287-z

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