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Innovation, Catch-Up, and Sustainable Development: Introduction to the Proceedings from the 2018 ISS Conference Read chapter Read first chapter

2021 | OriginalPaper | Chapter

The Value of Industry Studies: Impact of Luigi Orsenigo’s Legacy on the Field of Innovation and Industry Evolution

Authors : Junguo Shi, Bert M. Sadowski

Published in: Innovation, Catch-up and Sustainable Development

Publisher: Springer International Publishing

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Abstract

New solutions in artificial intelligence and machine learning require researchers to study, in greater depth, the nature, and dynamics of emerging industries like biotechnology or pharmaceuticals. With his pioneering work, Luigi Orsenigo has demonstrated, in great detail, how new technologies create technological opportunities, change appropriability conditions, and cumulativeness in these emerging industries. Rooted in the evolutionary economics tradition, this approach is better suited in explaining the patterns of innovation, technological change, and the growth in very dynamic industries. In this context, our article reviews the evidence of Luigi Orsenigo’s contribution to the economics of innovation, to the tradition of history-friendly models, and to the discussion on the sectoral system of innovation. It concludes by pointing at some unresolved questions in these traditions and new fruitful alleys for future researchers.

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previous chapter Observable Factors of Innovation Strategy: Firm Activities and Industry Effects
next chapter National innovation systems, economic complexity, and economic growth: country panel analysis using the US patent data
Footnotes
1
In Luigi Orsenigo’s lifelong academic research, he developed theory and methodologies with his co-authors. We use the term legacy to discuss his contribution to the academy through the joint works.
 
2
System of innovation is oriented toward the macro level, and the Mode 2 argument is concerned almost exclusively with the conditions for the organization and production of knowledge.
 
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Metadata
Title
The Value of Industry Studies: Impact of Luigi Orsenigo’s Legacy on the Field of Innovation and Industry Evolution
Authors
Junguo Shi
Bert M. Sadowski
Copyright Year
2021
Book
Innovation, Catch-up and Sustainable Development

Print ISBN: 978-3-030-84930-6

Electronic ISBN: 978-3-030-84931-3

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-84931-3_5

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