TY - JOUR
T1 - Schumpeterian patterns of innovation and the sources of breakthrough inventions
T2 - Evidence from a data-set of R&D awards
AU - Fontana, Roberto
AU - Nuvolari, Alessandro
AU - Shimizu, Hiroshi
AU - Vezzulli, Andrea
N1 - Funding Information:
We thank the editors of the special issue and an anonymous reviewer for helpful suggestions. We have also benefited from comments of seminar participants at the International Schumpeter Society Conference 2010, Workshop on ‘Knowledge Integration and Innovation’, EPIP conference 2009, EMAEE Conference 2009. Fontana and Nuvolari acknowledge financial support from European Union, project FP6 – 043345, NEST-2005-Path-CUL: “CID-Cultural Innovation Dynamics. Explaining the uneven evolution of human knowledge”.
PY - 2012/9
Y1 - 2012/9
N2 - This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the "R&D 100 awards" competition organized each year by the magazine Research & Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the Schumpeter Mark I/Schumpeter Mark II archetypes. Our main finding is that breakthrough inventions are more likely to emerge in 'turbulent' Schumpeter Mark I type of contexts.
AB - This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the "R&D 100 awards" competition organized each year by the magazine Research & Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the Schumpeter Mark I/Schumpeter Mark II archetypes. Our main finding is that breakthrough inventions are more likely to emerge in 'turbulent' Schumpeter Mark I type of contexts.
KW - Innovation patterns
KW - Radical innovations
KW - Schumpeter Mark I and Mark II
UR - http://www.scopus.com/inward/record.url?scp=84865830586&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84865830586&partnerID=8YFLogxK
U2 - 10.1007/s00191-012-0287-z
DO - 10.1007/s00191-012-0287-z
M3 - Article
AN - SCOPUS:84865830586
SN - 0936-9937
VL - 22
SP - 785
EP - 810
JO - Journal of Evolutionary Economics
JF - Journal of Evolutionary Economics
IS - 4
ER -