This paper begins with a brief review of Metcalfe's evolutionary economics as presented in the Graz Schumpeter Lectures and then moves onto Piaget's notion of and extension into what could be called cognitive phenocopy. Here, the main elements of Piaget's theories are introduced and related...

It is well established that knowledge-intensive business service (KIBS) firms can be innovators in their own right. It is also well established that KIBS can contribute to innovation in their client firms. This role of KIBS has been theorised, and some of the processes by which KIBS contribute...

This paper employs individual firm data in order to check the existence of industry-spatial effects alongside other microeconomic determinants of R&D investment. Spatial proximity is defined by a measure of firms' industry distance based on trade intensity between sectors. The spatial model...

In order to explain long-run economic development, we analyse in this paper the interplay between supply-side and demand-side processes. On the supply side, three different innovation processes are observed and interact: (i) growing productive efficiency, (ii) the emergence of new sectors and...

This paper analyzes the relationship between service innovation and different types of enterprise software systems, i.e. standardized enterprise software designed to fit one certain business sector and enterprise software specifically customized for a single firm. Using recent firm-level data of...

It is generally agreed that Adam Smith invoked the Invisible Hand to send the message to posterity that a free-market economy is the best form of economic organization. Strictly speaking, the Invisible Hand of Adam Smith is a conjecture about the virtues of a free-market economy. There are three...

This paper examines the quantity and quality of patents assigned jointly to US universities. The proportion of US university patents with assignment shared with other entities has grown rapidly. The data show the practice of universities sharing patent assignment spans technology classes,...

This paper examines, within the context of globalization, the impact of the main channels of international trade on domestic innovation, namely outward direct investment (ODI), inward direct investment (IDI), cross-border mergers and acquisitions (M&A) by foreigners, R&D expenditure, exports,...

This paper studies the relationship between government sponsorship and nature of innovation produced by US universities and corporations. Using detailed patent data information and, in particular, from the patent document wrapper, where the applicant is obliged to disclose any federal support,...