Searching for technological and organizational innovations is a fundamental activity in social systems. Recent work in this area has focused on the notion of firms locally searching for high points on a “fitness landscape.” Here we show how the presence of neutral networks forming pathways of temporarily inconsequential changes can alter the potential of innovation in such worlds. In particular...

We analyze the effect of innovation on asset prices in a tractable, general equilibrium framework with heterogeneous households and firms. Innovation has a heterogenous impact on households and firms. Technological improvements embodied in new capital benefit workers, while displacing existing firms and their shareholders. This displacement process is uneven: newer generations of shareholders b...

This policy brief explores the use and expands the conversation on the ability of geospatial technologies to represent Indigenous cultural knowledge. Indigenous peoples’ use of geospatial technologies has already proven to be a critical step for protecting tribal self-determination. However, the ontological frameworks and techniques of Western geospatial technologies differ from those of Indige...

This paper analyzes the impact of technological diversity on innovation inputs and success using Swiss firm-level panel data. While we do not find any impact of diversity on R&D intensity, we confirm a positive impact of diversity on patent applications as suggested by the literature. However, since patent applications reflect an intermediate innovation input rather than output, we extend the a...

Industrialization has long been seen as the answer to underdevelopment and poverty. First this led countries to follow protectionist import substitution policies but as these failed developing countries have opened up to trade and FDI and tried to follow strategies of export driven industrialization. If we consider the share of non-OECD countries in global trade in manufactures, this has been a...

This paper essays the viewpoint that the development or innovation in society of technologies, such as information and communication technologies, should be self-cultivated rather than imported. Ideas are drawn from multiple research disciplines to inform the elaboration of this perspective. A behavioral notion of development, based on the notion of structural conditioning of behaviors of socia...

This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with price cap and price floor, and compare it to the special cases of pure taxation and simple emissions cap. Innovation shifts the tradeoff between priceand quantity-based instruments toward...

It has been shown that over a 20 year period of time the OECD countries have converged in terms of their aggregate technological effort, but this trend covers diverging patterns of sectoral innovative activities even for the countries at the forefront of the " convergence club " (Archibugi and Pianta 1994). This evidence supports the relevance of the National Systems of Innovation (NSI) perspec...