Time-Space Patterns of US Innovation: Stability or Change?

Attila Varga

Chapter 10 in Innovation, Networks and Localities, 1999, pp 215-234 from Springer

Abstract: Abstract Technological change has long been considered as a primary determinant of economic growth (e.g. Stoneman 1996; Malecki 1991; Gomulka 1990; Porter 1989; Nelson and Winter 1982;Schumpeter 1934). However, the appearance of theoretical attempts to incorporate technological progress explicitly into economics is only a recent phenomenon. According to the `new growth theory’ (e.g. Romer 1986,1990; Lucas 1988; Grossman and Helpman 1994), advances in technology have mainly resulted from market motivated industrial research and development efforts and should therefore be accounted for endogenously in models of economic growth. The traditional scope of economics has been broadened even further by the recently introduced concept of ‘national innovation systems’ (Lundvall 1992; Nelson 1993). In accordance with this framework, technological advance in industry is significantly influenced by several external factors forming nation-specific innovation systems. A national innovation system includes not only networks of innovative companies with research organisations, suppliers and customers, but also several institutional factors, such as the way publicly financed research is organised in a given country, or the nation’s system of schooling, training and financial institutions.

Keywords: High Technology; Innovation Activity; Patent Activity; National Innovation System; Regional Innovation System (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/978-3-642-58524-1_10

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