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What Drives Innovation? Causes of and Consequences for Nanotechnologies

Author

Listed:
  • Ingrid Ott

    (Hamburg Institute of International Economics, Germany, and Kiel Institute for the World Economy, Germany)

  • Christian Papilloud

    (Université de Caen Basse-Normandie, France, and Leuphana University of Lueneburg, Germany)

  • Torben Zülsdorf

    (Hamburg Institute of International Economics, Germany)

Abstract

Nanotechnologies are expected to be the dominant general purpose technology of the next decades. Their market potential is immense and not only supply-side but especially demand-side arguments will have far reaching consequences for innovations. The latter may occur as increased miniaturization or via building completely new products, processes or services. Innovations in the field of nanotechnologies do not only affect productivity in downstream sectors but these feed back to nanotechnologies thereby inducing circles of continuing innovation. Demand for nano-components mainly arises from firms while private demand is assigned to final products, processes or services that are augmented by nanotechnologies. Due to the technology’s controversial character, the consumer’s attitude towards risk and technology affects private demand and this may either spur or hamper innovation. The paper aims to unravel how these complex interdependencies and feedback mechanisms affect overall innovation in downstream sectors that is induced by nanotechnologies and how this for its part affects further improvements of nanotechnologies.

Suggested Citation

  • Ingrid Ott & Christian Papilloud & Torben Zülsdorf, 2009. "What Drives Innovation? Causes of and Consequences for Nanotechnologies," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 7(1), pages 5-26.
    • Handle: RePEc:mgt:youmgt:v:7:y:2009:i:1:p:005-026
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    References listed on IDEAS

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    Cited by:

    1. Korzinov, Vladimir & Savin, Ivan, 2018. "General Purpose Technologies as an emergent property," Technological Forecasting and Social Change, Elsevier, vol. 129(C), pages 88-104.
    2. Torben Zülsdorf & Ingrid Ott & Christian Papilloud, 2010. "Nanotechnologie in Deutschland - Eine Bestandsaufnahme aus Unternehmensperspektive," Working Paper Series in Economics 175, University of Lüneburg, Institute of Economics.
    3. Doran, Justin & Ryan, Geraldine, 2019. "Does nanotechnology research generate an innovation premium over other types of research? Evidence from Ireland," Technology in Society, Elsevier, vol. 59(C).

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    More about this item

    Keywords

    general purpose technologies; controversial technologies; determinants of innovation;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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