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 Empresas-Gestión
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 16-abr-2024