Innovation and Growth: From R&D Strategies of Innovating Firms to Economy-wide Technological Change
Martin Andersson, Börje Johansson, Charlie Karlsson, and Hans Lööf
Abstract
This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake R&D and innovation activities. It emphasizes innovation strategies of innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts the volume moves from the micro to the macro-level. This structure highlights the notion that R&D and inno ... More
This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It is based on the premise that differences in firm-level returns, as well as economy-wide outcomes, may be linked to the heterogeneous ways in which firms organize and undertake R&D and innovation activities. It emphasizes innovation strategies of innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts the volume moves from the micro to the macro-level. This structure highlights the notion that R&D and innovation and growth are two interdependent perspectives. The first of these is micro-oriented and focuses on innovation processes of firms, where R&D activities and other innovation efforts give rise to consequences such as a strengthening of resource bases, growth of sales and employment, patents, new products, increasing productivity and profits, and improved chances of survival. The second perspective comprises economy-wide effects in the form of overall technological change, growth in total factor productivity, and structural change processes, where certain sectors may benefit from new inputs from other sectors while others experience declining markets and reduced output.
Keywords:
R&D,
innovation,
firm growth,
economy-wide effects,
technological change,
employment,
productivity,
structural,
change
Bibliographic Information
| Print publication date: 2012 |
Print ISBN-13: 9780199646685 |
| Published to Oxford Scholarship Online: January 2013 |
DOI:10.1093/acprof:oso/9780199646685.001.0001 |
Authors
Affiliations are at time of print publication.
Martin Andersson, editor
Professor of Innovation Studies, CIRCLE, Lund University and Associate Professor of Industrial Economics, School of Management, Blekinge Institute of Technology
Börje Johansson, editor
Professor of Economics at Jönköping International Business School (JIBS) and the Royal Institute of Technology, Stockholm. Director of CESIS (Centre of Excellence for Science and Innovation Studies)
Charlie Karlsson, editor
Professor of the Economics of Technological Change, Jönköping International Business School, Jököping University, and Professor of Industrial Economics, Blekinge Institute of Technology, Karlskrona, Sweden and President of the European Regional Science Association (ERSA).
Hans Lööf, editor
Professor of Economics, Royal Institute of Technology, Department of Industrial Economics and Management, Stockholm, Sweden
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