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005 | 20250121084754.0 | ||
041 | _afre | ||
042 | _adc | ||
100 | 1 | 0 |
_aHachem, Hicham M. _eauthor |
245 | 0 | 0 | _aInnovation, dynamics and the myths about knowledge, technology and R&D-driven economic growth: an evolving network model |
260 | _c2017. | ||
500 | _a11 | ||
520 | _aThis paper seeks to show problems which follow from wrong assumptions about the key drivers of innovation policy and theory. A theoretical evolving network model is proposed for that purpose, taking into consideration innovation opportunities that are not necessarily driven by technological discoveries, R&D or knowledge diffusion. Innovation is defined by a new combination of means of production, and is introduced to the initial condition by rewiring a regular graph model. Dynamics of the diffusion process are captured by the statistical reconstruction of the solutions for recurrence equations within a discrete time perspective. Simulation results show that innovation gives rise to essentially unstable turbulent dynamics. Stability analysis implies an alternative interpretation of the nature of innovations and their dynamics. As a source of economic change, innovations are conjectured to be dependent on scale and diversity. They are closely linked to novelty, rather than to previous states of knowledge or technology.JEL Codes: C51, C61, E32, O11, O33 | ||
690 | _anonlinear dynamics | ||
690 | _adiffusion | ||
690 | _agraph theory | ||
690 | _ainnovation | ||
690 | _atechnology | ||
690 | _aknowledge | ||
786 | 0 | _nJournal of Innovation Economics & Management | o 23 | 2 | 2017-05-15 | p. 13-32 | |
856 | 4 | 1 | _uhttps://shs.cairn.info/journal-of-innovation-economics-2017-2-page-13?lang=en&redirect-ssocas=7080 |
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_c506391 _d506391 |