E-Book Overview
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. The book brings together contributions and perspectives from both economics and business scholars, and will appeal to academics, researchers, and students interested in R&D and innovation strategies, international business, business strategy, and the economics of technological change.
E-Book Content
Innovation and Growth
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Innovation and Growth From R&D Strategies of Innovating Firms to Economy-Wide Technological Change Edited by Martin Andersson, Börje Johansson, Charlie Karlsson, and Hans Lööf
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Great Clarendon Street, Oxford, OX2 6DP, United Kingdom Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries # Oxford University Press 2012 The moral rights of the authors have been asserted First Edition published in 2012 Impression: 1 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by licence or under terms agreed with the appropriate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above You must not circulate this work in any other form and you must impose this same condition on any acquirer British Library Cataloguing in Publication Data Data available Library of Congress Cataloging in Publication Data Data available ISBN 978–0–19–964668–5 Printed in Great Britain by MPG Books Group, Bodmin and King’s Lynn
Preface
This book is part of the outcome of a long-term project on innovation and growth, initiated by the Centre of Excellence for Science and Innovation Studies (CESIS) at the Royal Institute of Technology (KTH) and the Jönköping International Business School ( JIBS). The project is financed by the Swedish Governmental Agency for Innovation System (VINNOVA). The first ideas for this project were communicated with VINNOVA as early as 2007 and we started to contact the contributing authors shortly after the project was decided. We are happy that authors in this volume found the idea for this book interesting and we are proud of the outcome. We believe that this volume, which includes contributions by scholars from dif