Technological diversification within UK’s small serial innovators

Technological diversification within UK’s small serial innovators

This paper investigates the determinants of technological diversification among UK’s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990 and 2006, this study constitutes the first empirical examination of technological diversification among SMEs in the literature. Results demonstrate that technological diver...

Technological Diversification

Technological Diversification ∗

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. Technological progress takes the form of an increase in the number of varieties, raising average productivity. In addition, the expansion in the ...

Technological diversity of persistent innovators in Japan

We have investigated two large Japanese firms with their patent data, technological histories and product sales data of over 30 years especially in terms of intra-firm technology diversification and interactions between multiple technological trajectories. Patent data showed the process of emergencies of technological trajectories and interactions (cross-fertilization) between them quantitative...

Serial innovators in the markets for technology

Serial innovators are long-lived, small firms with a substantial, public record of innovative success. This paper argues that such firms are often specialist suppliers of technology. We draw on Arora, Fosfuri and Gambardella's framework concerning markets for technology to explain the patenting characteristics of these firms. We find that the firms produce technology that in comparison to large...