Innovation, catch-up, and leadership in science-based industries

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Article citation: , (2012) "Innovation, catch-up, and leadership in science-based industries", Development and Learning in Organizations, Vol. 26 Iss: 5, pp. -

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Article Type: Abstracts From: Development and Learning in Organizations, Volume 26, Issue 5

AlmudiI., , Fatas-Villafranca F. and , Izquierdo L.R. Industrial & Corporate Change, April 2012, Vol. 21 No. 2, Start page: 345, No. of pages: 31

AbstractIn 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. ISSN: 0960-6491 Article type: Research paper Reference: 41AJ821

Keywords: Innovation, Leadership, Research and development, Science-based industries, Training

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Development and Learning in Organizations