Schumpeterian patterns of innovation and the sources of breakthrough inventions: Evidence from a data-set of R&D awards

Roberto Fontana, Alessandro Nuvolari, Hiroshi Shimizu, Andrea Vezzulli

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the "R&D 100 awards” competition organized each year by the magazine Research & Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the Schumpeter Mark I/Schumpeter Mark II archetypes. Our main finding is that breakthrough inventions are more likely to emerge in ‘turbulent’ Schumpeter Mark I type of contexts.

Original languageEnglish
Title of host publicationLong Term Economic Development
Subtitle of host publicationDemand, Finance, Organization, Policy and Innovation in a Schumpeterian Perspective
PublisherSpringer Berlin Heidelberg
Pages313-340
Number of pages28
ISBN (Electronic)9783642351259
ISBN (Print)9783642351242
DOIs
Publication statusPublished - 2013 Jan 1
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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    Fontana, R., Nuvolari, A., Shimizu, H., & Vezzulli, A. (2013). Schumpeterian patterns of innovation and the sources of breakthrough inventions: Evidence from a data-set of R&D awards. In Long Term Economic Development: Demand, Finance, Organization, Policy and Innovation in a Schumpeterian Perspective (pp. 313-340). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-642-35125-9_14