European Business Schools Librarian's Group

Department of Economics Working Papers,
Vienna University of Economics and Business, Department of Economics

Organizational versus Technological Determinants of Innovation

Brigitte Unger () and Martin Zagler ()
Additional contact information
Brigitte Unger: Department of Economics, Vienna University of Economics & B.A.
Martin Zagler: Department of Economics, Vienna University of Economics & B.A.

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.

Keywords: Determinants of Innovation; Organization; Networks; Innovation and Knowledge; National Systems of Innovation; Endogenous Growth

JEL-codes: O41; L80; O14; O31; O33 December 2000

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