RT info:eu-repo/semantics/article
T1 Innovation, catch-up, and leadership in science-based industries
A1 Almudi, Isabel
A1 Fatas-Villafranca, Francisco
A1 Izquierdo Millán, Luis Rodrigo
K1 Gestión de empresas
K1 Industrial management
AB In 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
PB Oxford University Press
SN 0960-6491
YR 2012
FD 2012-04
LK http://hdl.handle.net/10259/3840
UL http://hdl.handle.net/10259/3840
LA eng
NO Ministerio de Ciencia e Innovación (project ECO2010-14929)
DS Repositorio Institucional de la Universidad de Burgos
RD 23-may-2024