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On the Life Cycle of Knowledge Intensive Sectors

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  • Thomas Grebel
  • Jackie Krafft
  • Pier-Paolo Saviotti

Abstract

The theme of industry life cycle (ILC) is today one of the central fields of research in industrial dynamics. ILC shows that industries behave like biological organisms, and proceed through different phases of development, from emergence to decline. Although this approach constitutes one of the most important recent advances in industrial dynamics, its major results are drawn from the historical evolution of industries that emerged during the first half of the 20th century in the US. In this perspective, we stress that these results relative to industries which are today mature industries are not necessarily generalisable to the evolution of industries that emerged (or radically changed) during the late 20th century, such as the biotechnology and the telecommunications industry that are often termed as knowledge intensive industries. We thus elaborate on the new theme of knowledge intensive industry life cycle. JEL Classification: L20, L65, L96.

Suggested Citation

  • Thomas Grebel & Jackie Krafft & Pier-Paolo Saviotti, 2006. "On the Life Cycle of Knowledge Intensive Sectors," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 63-85.
    • Handle: RePEc:cai:reofsp:reof_073_85
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    References listed on IDEAS

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    Cited by:

    1. Roberto Fontana & Alessandro Nuvolari & Bart Verspagen, 2009. "Mapping technological trajectories as patent citation networks. An application to data communication standards," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(4), pages 311-336.
    2. Luis F. Medrano E., 2012. "Patent Citations, University Inventor Patents, and Survival in the German Laser Source Industry (1960-2005)," Jena Economics Research Papers 2012-009, Friedrich-Schiller-University Jena.
    3. Michael Dietrich & Jackie Krafft (ed.), 2012. "Handbook on the Economics and Theory of the Firm," Books, Edward Elgar Publishing, number 13623.
    4. Antonelli, Cristiano & Krafft, Jackie & Quatraro, Francesco, 2010. "Recombinant knowledge and growth: The case of ICTs," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 50-69, March.
    5. Pascal Le Masson & Armand Hatchuel & Benoit Weil, 2010. "Modeling Novelty-Driven Industrial Dynamics with Design Functions: understanding the role of learning from the unknown," Post-Print hal-00696970, HAL.
    6. Jackie Krafft & Francesco Quatraro & Pier Paolo Saviotti, 2014. "The Dynamics of Knowledge-intensive Sectors' Knowledge Base: Evidence from Biotechnology and Telecommunications," Industry and Innovation, Taylor & Francis Journals, vol. 21(3), pages 215-242, April.
    7. Jackie Krafft & Francesco Quatraro & Pier-Paolo Saviotti, 2008. "Evolution of the knowledge base in knowledge intensive sectors," Working Papers hal-00264261, HAL.
    8. Cristiano Antonelli & Morris Teubal, 2012. "From the Corporation to Venture Capitalism: New Surrogate Markets for Knowledge and Innovation Led Economic Growth," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 38, Edward Elgar Publishing.
    9. Jackie Krafft & Francesco Quatraro & Pier Paolo Saviotti, 2011. "The knowledge-base evolution in biotechnology: a social network analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(5), pages 445-475.
    10. Frenken, Koen & Pyka, Andreas & Verspagen, Bart & Windrum, Paul, 2010. "Innovation, qualitative change and economic development--Special issue in honour of Pier-Paolo Saviotti," Structural Change and Economic Dynamics, Elsevier, vol. 21(1), pages 1-4, March.
    11. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.

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    More about this item

    Keywords

    knowledge intensive sectors; industry life cycles; telecommunications; biotechnology;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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