Franco Malerba

Stefano Breschi

Recent years have seen strong interest and a growing amount of research and teaching on the phenomenon of economic and business 'clusters'. Even in a global world particular localities appear to have distinctive advantages. A key consideration for industrial policy and business location decisions, this book brings together cutting edge work on the issue by leading international scholars.

Clusters, Networks and Innovation

Uwe Cantner

The general theme of the 10th International Joseph A. Schumpeter Society Conf- ence, held during June 9th–12th, 2004 at Universita` Luigi Bocconi, Milan, was the exploration of the dynamics of industries driven by the highly interrelated processes of innovation and of structural transformation. The phenomena addressed are at the core of Schumpeter’s work and the discussion of these endogenously created modes of change constitutes one of the major Schumpeterian legacies of today. Indeed, the in?uence of the Schumpeterian approach to economic dynamics is far reaching and covers evolutionary as well as neoclassical theories. This book provides an account of work in the Schumpeterian and evolutionary tradition of industrial dynamics and the evolution of industries. Here, the main analytical concern is that, over time, industries evolve and change their structure, and that, in this dynamic process, knowledge and technologies, the capabilities and incentives of actors, new products and processes (as well as variants of existing ones), and institutions affect and constrain change, sometimes smoothly and so- times in a radical way. Thus, what is meant here by the term structure and structural change is not the traditional market structure view (as re?ected, for example, in the classical discussion of the Schumpeterian Hypotheses), but all those elements and relations between actors, knowledge and technologies which drive innovative activities and greatly affect economic performance in an industry.

Schumpeterian Legacies

Innovation, Industrial Dynamics and Structural Transformation

Stefano Brusoni

Case studies, empirical models, appreciative analyses and formal theories abound.

Perspectives on Innovation

Innovation and technological change follow markedly different pathways depending on the sector in which they take place. Contributions from eighteen experts in their fields consider the framework of sectoral systems of innovation to analyze the innovation process, factors affecting innovation, the relationship between innovation and industry dynamics, changing boundaries and transformation of sectors, and the determinants of the innovation performance of firms and countries in different sectors.

Concepts, Issues and Analyses of Six Major Sectors in Europe

Sectoral Systems of Innovation

Innovation and technological change show different rates, types and trajectories depending on the sector in which they take place. Agents and institutions of a sector all exert a major influence on innovation. With contributions from nineteen experts in their field, this book proposes the framework of the 'sectoral systems of innovation' to analyse the innovation process, the factors affecting innovation, the relationship between innovation and industry dynamics, the changing boundaries and transformation of sectors, and the determinants of the international performance of firms and countries in different sectors. Innovation in a sector is considered to be affected by three groups of variables: knowledge and technologies; actors and networks; and institutions. In addition to the general framework, this book examines innovation in six major sectors in Europe including pharmaceuticals and biotechnology, telecommunications equipment and services, chemicals, software, machine tools and services.

Yannis Caloghirou

Maureen McKelvey

Slavo Radoševic

Knowledge intensive entrepreneurship lies at the core of the structural shift necessary for the growth and development of a knowledge based economy, yet research reveals that the EU has fewer young leading innovators, and Europe’s new firms do not adequately contribute to industrial growth. This is especially true in the high R&D intensive, high-tech sectors. This structural malaise, undermining Europe’s growth potential, is well diagnosed, but poorly understood. This volume fills this important gap by exploring new firms that have significant knowledge intensity in their activity and develop and exploit innovative opportunities in diverse sectors. Through an evolutionary and systemic approach to entrepreneurship, focusing on knowledge intensive entrepreneurship as both a micro and a macro phenomena and analyzing firms in the context of various socio-economic models, the authors explore firms creation and origins around the world, their organization, strategies and business models as well as the role of innovation systems and institutions in their formation and growth. This comprehensive research text is vital reading for academics, researchers and students of high-tech and knowledge intensive entrepreneurship as well as those with an interest in industrial dynamics, innovation management and public policy.

Business Strategy and Public Policy

Dynamics of Knowledge Intensive Entrepreneurship

Kurt Dopfer

Richard R. Nelson

Giovanni Dosi

Keun Lee

Andreas Pyka

Constance E. Helfat

Pier Paolo Saviotti

Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.

An Overview

Modern Evolutionary Economics

Slavo Radoevic

Professor of the Economics of Innovation Department of Technology Management and Economics Maureen McKelvey

Knowledge intensive entrepreneurship lies at the core of the structural shift necessary for the growth and development of a knowledge based economy, yet research reveals that the EU has fewer young leading innovators, and Europe's new firms do not adequately contribute to industrial growth. This is especially true in the high R&D intensive, high-tech sectors. This structural malaise, undermining Europe's growth potential, is well diagnosed, but poorly understood. This volume fills this important gap by exploring new firms that have significant knowledge intensity in their activity and develop and exploit innovative opportunities in diverse sectors. Through an evolutionary and systemic approach to entrepreneurship, focusing on knowledge intensive entrepreneurship as both a micro and a macro phenomena and analyzing firms in the context of various socio-economic models, the authors explore firms creation and origins around the world, their organization, strategies and business models as well as the role of innovation systems and institutions in their formation and growth. This comprehensive research text is vital reading for academics, researchers and students of high-tech and knowledge intensive entrepreneurship as well as those with an interest in industrial dynamics, innovation management and public policy.

The book examines the main dimensions of knowledge intensive entrepreneurship, the factors affecting its emergence, evolution and performance and the importance of knowledge intensive entrepreneurship for European growth and competitiveness.

Franco Malerba

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