Applied Evolutionary Economics

Applied Evolutionary Economics

New Empirical Methods and Simulation Techniques

Edited by Pier Paolo Saviotti

The expert contributors to this book examine recent developments in empirical methods and applied simulation in evolutionary economics. Using examples of innovation and technology in industry, it is the first book to address the following questions in a systematic manner: Can evolutionary economics use the same empirical methods as other research traditions in economics?; Is there a need for empirical methods appropriate to the subject matter chosen?; What is the relationship between appreciative theorising, case studies and more structured empirical methods?; and What is the relationship of modelling and simulation to empirical analysis?

Chapter 5: Evolutionary Patterns of Innovation and Product Life Cycle: Empirical Evidence from the Electric Motors Industry

Edmar Luiz Fagundes de Almeida

Subjects: economics and finance, evolutionary economics


Edmar Luiz Fagundes de Almeida INTRODUCTION The electric motor technology (EMT) is a mature technology. It was introduced in the market around 1880. The electrification of production processes has made electric motors the main consuming technology for electricity in industrialized countries. Today, in the United States for example, electric motors account for 70 per cent of the electricity demand in the industrial sector, and for about 50 per cent of total electricity demand. The EMT is by far the most important technology for stationary motorization. The motor population in the US was estimated to be about one billion motors in 1987 (EPRI, 1992). Every year millions of electric motors are sold to replace failed motors and for new applications. This represented a market of about $9 billion in 1997 in the US alone. For the European Community as a whole, the figures are not very different from those in the US. Electric motors are responsible for 60 per cent of industrial electricity consumption and 43 per cent of total demand (Energy Economist, 1996). The electric motor market was estimated to be $8.5 billion in 1995. Therefore, electric motor construction is an important industrial segment today. The EMT has been submitted to a standardization process since the beginning of this century. However, we have recently witnessed a process of technological de-maturity with important impacts on industry dynamics. This chapter analyses the main technological and economic factors contributing to this technological renewal and endeavours to show the main dynamics that drive...

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