This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the “R&D 100 awards” competition organized each year by the magazine Research&Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the SchumpeterMark I/Schumpeter Mark II archetypes.Ourmain finding is that breakthrough inventions aremore likely to emerge in ‘turbulent’ Schumpeter Mark I type of contexts
Schumpeterian patterns of innovation and the sources of breakthrough inventions: evidence from a data-set of R&D awards
FONTANA, ROBERTO;VEZZULLI, ANDREA
2012
Abstract
This paper examines the relationship between Schumpeterian patterns of innovation and the generation of breakthrough inventions. Our data source for breakthrough inventions is the “R&D 100 awards” competition organized each year by the magazine Research&Development. Since 1963, this magazine has been awarding this prize to 100 most technologically significant new products available for sale or licensing in the year preceding the judgment. We use USPTO patent data to measure the relevant dimensions of the technological regime prevailing in each sector and, on this basis, we provide a characterization of each sector in terms of the SchumpeterMark I/Schumpeter Mark II archetypes.Ourmain finding is that breakthrough inventions aremore likely to emerge in ‘turbulent’ Schumpeter Mark I type of contexts
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