000 01822cam a2200229 4500500
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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
999 _c506391
_d506391