Europe is confronted by an intimidating triple challenge—economic stagnation, climate change and a governance crisis. What is required is a fundamental transformation of the economy to a new "green" trajectory based on rapidly diminishing emission of greenhouse gases, the authors contend. Much greater emphasis on innovation in all its forms (not just technological) is an answer. Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially.
Jan Fagerberg, Staffan Laestadius and Ben R. Martin
Jan Fagerberg and Bart Verspagen
The European economy is currently in a slump, the worst since the 1930s, with high unemployment and deteriorating welfare conditions for exposed segments of the population in several European countries, espcially in the Southern parts of the continent. Although this is often seen as a consequence of the financial crisis that hit the capitalist world in 2007-8 this is only part of the story.
Jan Fagerberg and Koson Sapprasert
The term 'national innovation systems' surfaced for the first time during the late 1980s and, in the years that followed, several important contributions on this topic appeared. This paper investigates the role that this new literature plays within innovation studies and the world of science more generally and discusses the sources for its emergence.
The Nordic countries are among the richest in Europe and globally. They are known for having a more equal distribution of income than elsewhere, for highly organized, regulated and inclusive labor markets, for universal welfare states and for well-developed and free education systems.
Jan Fagerberg and Manuel M. Godinho
The history of capitalism from the Industrial Revolution onwards is one of increasing differences in productivity and living conditions across different parts of the globe. According to one source, 250 years ago the difference in income or productivity per head betwen the richest and poorest country in the world was approximately 5:1, while today this difference has increased to 400:1 (Landes 1998). However in spite of this long-run trend towards divergence in productivity and income, there are many examples of (initially) backward countries that–at different times–have manged to narrow the gap in productivity and income between themselves and the frontier countries, in other words, to "catch up". How did they do it? What was the role of innovation and diffusion in the process? These are among the questions we are going to discuss in this chapter.
Jan Fagerberg, David C. Mowery and Bart Verspagen
This paper analyses the co-evolution of science, technolgy and innovation policy and industrial structure in a small, open resource-based economy (Norway) The contributions of the paper are threefold. First, it develops an evolutionary and historically oriented approach to the study of the development of these policies that may have wide applicability. Second, it focuses on a particular type of innovation, innovation in resource-based activities, that differs in many respects from the more commonly studied case of innovation in 'high-tech' industries. Third, the paper advances our understanding of the roles played by institutions and politics in innovation.
The Economics of an Emergent System Property
This chapter implements an evolutionary complexity approach that builds on the legacy of Schumpeter (1947) with the notions of: i) reactive decision-making; ii) multiple feedback; iii) innovation as the outcome of an emergent system process rather than individual action; iv); organized complexity and knowledge connectivity; iv) endogenous variety; and vi) non-ergodic path-dependent dynamics. Building on these bases, the chapter articulates an endogenous theory of innovation centred on analysis of the systemic conditions that make the creative reaction, and hence the introduction of innovations, possible.