In this paper we describe a richer framework characterizing the trade-off between exploration and exploitation with respect firm performance. We devise a model that complements the notion of organizational learning as a process of inferential learning from the past with an explicit incorporation...

This paper presents a model of long waves and an empirical analysis of Swedish growth since 1850. The model emphasises the creation of new complementarities around macro innovations. The growth process is periodised in two main parts. The first period is characterised by transformation when...

This paper sheds light on the role of the regional innovation system in facilitating the Bangalore Software cluster’s transition from a development model based on offering low cost activities/services towards a model based on an independent innovation profile. Recent research has documented...

This paper sums up the debate about the Swedish ‘paradox’ and provides new evidence. The paradox thought has emerged in different versions, which share the common basics that Swedish R&D expenditures are high, but do not produce sufficient economic results. This empirical paradox is part of...