Innovation, catch-up, and leadership in science-based industries
Article Type: Abstracts From: Development and Learning in Organizations, Volume 26, Issue 5
AlmudiI., , Fatas-Villafranca F. and , Izquierdo L.R. Industrial & Corporate Change, April 2012, Vol. 21 No. 2, Start page: 345, No. of pages: 31
AbstractIn this article, we seek to shed new light on the sources of industrial leadership and catch-up in science-based industries. We propose an evolutionary model that incorporates scientists’ training and migration,endogenous R&D decisions, and the possibility of funding capital accumulation through debt. The analysis of the model allows us to characterize a robust pattern of industrial catch-up. Likewise, the sensitivity analysis shows which parameters act as pro-catch-up factors or slow down the process. The identification of stationary-state conditions of the model helps us to interpret the simulations, and highlights crucial interactions between technology-supporting institutions and market demand at the basis of industrial catch-up. Finally, the robustness analysis reveals further interdependencies among innovation, scientist mobility, and demand. ISSN: 0960-6491 Article type:Research paper Reference: 41AJ821
Keywords: Innovation, Leadership, Research and development,Science-based industries, Training
