The Economics of Persistent Innovation: An Evolutionary View

The Economics of Persistent Innovation presents papers that provide definitions of persistence in firm innovative behavior, establish the significance of persistence, present a theory of persistence, and examine empirical evidence regarding both the extent and the determinants persistence. The topic is analyzed from several perspectives, including a Markovian model of innovation. The book discusses the main determinants of persistence and the reasons for its systematic heterogeneity across industries, technologies and countries. The characteristics of persistent inventors as revealed in patent data are explored for many industrial countries. An evolutionary theory of persistence in innovation is proposed. In conclusion the authors propose policy implications for support and development of innovation.

Defines persistence as shown in the innovative behavior of some firms Thoroughly analyzes the significance of persistence in innovative behavior in business The topic is analyzed in several ways, including a Markovian model of innovation Understanding this phenomenon may lead to significant changes in public policy regarding the development and support of innovation

Inhalt
Persistence in Innovation: Definitions and Current Development of the Field.- Determinants of Persistence in Innovation: A Study of French Patenting.- Factors of Entry and Persistence In Innovation: A Competence Based Approach.- Characteristics of Persistent Inventors as Revealed in Patent Data.- Comparing Innovative Persistence Across Countries: A Cox-Model of Patenting in the UK and France.- Persistent Adoption of Time-Saving Process Innovations.- Towards an Evolutionary Theory of Persistence in Innovation.- Principal Findings, Policy Implications and Research Agenda.