The paper is focused on innovation, considering four main strands of research, studying innovation at the organisational, systemic, sectoral, and macroeconomic levels. Several fundamental issues are explored, such as the co-evolution between technological and institutional change; the role of demand; and the impacts of innovation on individual and collective welfare. There are also important methodological challenges, such as the need for more systematic interactions between the different levels of analysis; the importance of an interdisciplinary approach to the study of technological and institutional changes; and the search for a combination of contingent explanations based on case studies with general analytical results based on econometric and formal models. The article describes also the regional network of innovation actors.
Part of interest: The entire document.
Target groups: RPOs, Innovation Business