IDEAS home Printed from https://ideas.repec.org/a/cai/jiedbu/jie_038_0147.html
   My bibliography  Save this article

The Economics of the Frugal Direction of Technological Change: New Paradigm Frame, Induced Direction Models and Demand Side Approaches

Author

Listed:
  • Christian Le Bas

Abstract

Knowing that a large number of publications deal with Frugal Innovation (FI) we contribute to the literature by offering a large (and maybe better) understanding of this new type of inclusive innovation through the lens of the Economic Analysis of Innovation. We consider FI as depicting a new type and direction of technological change. Its specific trends are analysed using three different basic models of the Economics of Technological Change. We show that: 1) FI matches a new technological paradigm characterised by a decreasing technological complexity, 2) a new microeconomic frontier of innovation possibility stemming from the theory of the induced bias of technological change provides a relevant explanation of the firm’s decision faced with the choice between investing in FI and other types of innovation, 3) after presenting various approaches dealing with the linkages between innovation and demand the novelty of the direction of FI towards the demand appears distinctly. JEL Codes: ML2, O31, O31, O33

Suggested Citation

  • Christian Le Bas, 2022. "The Economics of the Frugal Direction of Technological Change: New Paradigm Frame, Induced Direction Models and Demand Side Approaches," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 147-168.
    • Handle: RePEc:cai:jiedbu:jie_038_0147
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=JIE_038_0147
    Download Restriction: free
    File URL: http://www.cairn.info/revue-journal-of-innovation-economics-2022-2-page-147.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sanghamitra Chakravarty & Georgina Mercedes Gómez, 2024. "A Development Lens to Frugal Innovation: Bringing Back Production and Technological Capabilities into the Discourse," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(1), pages 82-101, February.

    More about this item

    Keywords

    Demand Side; Direction of Technological Change; Frugal Innovation; Induced Innovation; Technological Paradigm;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:jiedbu:jie_038_0147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-journal-of-innovation-economics.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.