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How Path Dependency Affects Innovative Behavior of Firms

Elias G. Carayannis (), Kadri Ukrainski (), Jaan Masso and Urmas Varblane ()
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Elias G. Carayannis: George Washington University

Chapter Chapter 1 in Knowledge Perspectives of New Product Development, 2012, pp 1-28 from Springer

Abstract: Abstract The aim of the paper is to analyse the extent to which path-dependency is shaping innovative activities and their outcomes by considering the composite indicators of input, process, output and environment. We try to capture some dynamic aspects of path dependency by assessing it through the level and dynamics of value added in production in different industries. This work reveals path dependency by comparing different industries in a single country, and develops theoretical framework rooted in the resource-based theory of the firm, which sees firms as knowledge reservoirs, and in evolutionary economics, which sees innovation as an outcome of (path-dependent) knowledge production and use.

Keywords: Process Innovation; Product Innovation; Path Dependency; Innovative Activity; Composite Indicator (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/978-1-4614-0248-0_1

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