 The Journey of InnovationJorge Niosi ()
A chapter in Foundations of Economic Change, 2017, pp 269-282 from Springer Abstract: Abstract This paper argues that innovation has itself evolved, from the slow, path-dependent, and foreseeable world of technological trajectories, to the less predictable world of innovation cascades, after incorporating the analysis of radical innovation in the last three decades. Innovation cascades are long series of radical innovations in one or in related technological domains. Two types of innovation cascades are distinguished in the paper: those emerging before the Industrial Revolution and the modern high-tech ones. The previous innovation cascades usually petered out fairly soon by lack of institutional support, as inventors and innovators were individuals or companies trying out their luck in the market place in a less than friendly environment. Present day innovation cascades benefit from numerous innovating firms, research universities and government laboratories, science, technology and innovation policies, increasing numbers of countries investing in R&D and innovation, as well as reduced costs of access to information, communication and transportation. Today’s innovation cascades tend to be more extended through time and space. Their systemic effects are also more widely diffused in global terms. Date: 2017 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-319-62009-1_12 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-62009-1_12 Access Statistics for this chapter More chapters in Economic Complexity and Evolution from Springer |
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