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The economics of frugal innovation: An integrative literature review

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  • Christian Le Bas
  • Dorota Czyżewska-Misztal

Abstract

The aim of this article is to describe the economic implications of frugal innovations using an integrative literature review. This article discusses the definition of frugal innovations from a historical perspective, depicting them as innovations of transformative change and analyzing frugal innovations in terms of the social and environmental context. It identifies implications for Global North countries wishing to market new frugal products. The authors suggest analyzing technological frugality as a new technological paradigm, with implications for the environment and sustainability. Frugal innovations are also analyzed in the context of ?resource poverty.? This article concludes with a discussion of certain implications for public policy.

Suggested Citation

  • Christian Le Bas & Dorota Czyżewska-Misztal, 2022. "The economics of frugal innovation: An integrative literature review," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 87-102.
  • Handle: RePEc:cai:reidbu:rei_180_0087
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    Keywords

    O010; O14; O32; O33; frugal innovation; frugality; transformative change; technological paradigm;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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