Organizational versus technological determinants of innovation

Brigitte Unger, Martin Zagler

Publication: Working/Discussion PaperWU Working Paper

Abstract

In this paper, we analyze, estimate and compare five prototypic models of innovation, from a simple learning-by-doing model to an elaborated model that includes financial, organizational and technological determinants of innovation. From the comparison of the five models we conclude that institutions - in particular the national system of innovation - and organizations matter. The importance of networks and the importance of information flows from different economic actors add to the explanatory power and gives the best model fit among all models specified.
Original languageEnglish
Place of PublicationVienna
PublisherInst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
Publication statusPublished - 2000

Publication series

NameDepartment of Economics Working Paper Series
No.74

WU Working Paper Series

  • Department of Economics Working Paper Series

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