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Receptive Capacity of Established Industries as a Limiting Factor in the Economy's Rate of Innovation

Citation

Robertson, P and Pol, E and Carroll, PGH, Receptive Capacity of Established Industries as a Limiting Factor in the Economy's Rate of Innovation, Industry and Innovation, 10, (4) pp. 457-474. ISSN 1366-2716 (2003) [Refereed Article]


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Copyright Statement

The definitive published version is available online at: http://www.tandf.co.uk/journals

DOI: doi:10.1080/1366271032000163685

Abstract

Although scholars and policy makers have widely acknowledged the importance of so-called high-technology industries as drivers of economic change, they have paid insufficient attention to the interaction between high-tech sectors and the remainder of the economy in developed countries. We contend that any constructive view of economic change must recognize the importance of the diffusion of innovative products and processes to the economy as a whole through the role that firms in established sectors play as customers and suppliers for high-tech firms. It is important to insure that the ""Receptive Capacity'' that these firms bring to innovative situations is as high as possible. To demonstrate our point, we first use ""old'' growth theory to develop a model of economic change and then show how this model ties in with ""new' ' growth theory by providing a convincing justification for investment in R&D and other innovative activities.

Item Details

Item Type:Refereed Article
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Human Resources Management
Objective Division:Economic Framework
Objective Group:Management and Productivity
Objective Field:Management
Author:Robertson, P (Professor Paul Robertson)
Author:Carroll, PGH (Professor Peter Carroll)
ID Code:29230
Year Published:2003
Deposited By:Management
Deposited On:2003-08-01
Last Modified:2010-05-26
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