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The emergence of new knowledge, market evolution and the dynamics of micro-innovation systems

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  • Andrea Mina

Abstract

In this paper, we develop a problem-driven approach to innovation systems to account for the emergence of new knowledge and the long-term evolution of markets. We show that (1) science, technology and markets co-evolve along coherent trajectories of long-term change, which can be efficiently mapped by longitudinal network analysis of bibliometric data that are consistent with market-level data, (2) the inception of these trajectories corresponds to phases of close interaction within small entrepreneurial networks of multi-skilled practitioners that grow through the division of innovative labour and associated incremental change in specific and problem-centred micro-innovation systems, (3) as trajectories grow and develop, changes in knowledge alter structure and composition of final product markets and the likelihood of opportunities for new entrants increases with the distance between the knowledge bases of firms. As the knowledge that is necessary to solve new technical problems grows and as these are transformed by their very solutions, new ties are created and old ties decay in an open-ended co-evolutionary process of change in knowledge and industry organisation.

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  • Andrea Mina, 2009. "The emergence of new knowledge, market evolution and the dynamics of micro-innovation systems," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(5), pages 447-466.
    • Handle: RePEc:taf:ecinnt:v:18:y:2009:i:5:p:447-466
    DOI: 10.1080/10438590802547167
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    1. Antonelli, Cristiano, 2001. "The Microeconomics of Technological Systems," OUP Catalogue, Oxford University Press, number 9780199245536.
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    Cited by:

    1. Martinelli, Arianna, 2012. "An emerging paradigm or just another trajectory? Understanding the nature of technological changes using engineering heuristics in the telecommunications switching industry," Research Policy, Elsevier, vol. 41(2), pages 414-429.
    2. Taran Thune & Magnus Gulbrandsen, 2016. "Combining knowledge to generate new ideas. A study of disclosed ideas for life science inventions," Working Papers on Innovation Studies 20161209, Centre for Technology, Innovation and Culture, University of Oslo.
    3. Alfonso Ávila-Robinson & Kumiko Miyazaki, 2013. "Evolutionary paths of change of emerging nanotechnological innovation systems: the case of ZnO nanostructures," Scientometrics, Springer;Akadémiai Kiadó, vol. 95(3), pages 829-849, June.
    4. Isabel Cavalli & Charlie Joyez, 2021. "The Dynamics of French Universities in Patent Collaboration Networks," GREDEG Working Papers 2021-38, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    5. Hwang, Seonho & Shin, Juneseuk, 2019. "Extending technological trajectories to latest technological changes by overcoming time lags," Technological Forecasting and Social Change, Elsevier, vol. 143(C), pages 142-153.
    6. Thune, Taran & Mina, Andrea, 2016. "Hospitals as innovators in the health-care system: A literature review and research agenda," Research Policy, Elsevier, vol. 45(8), pages 1545-1557.

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