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Innovation waves and technological transitions: Sweden, 1909-2016

Taalbi, Josef LU (2019) In Lund Papers in Economic History. General Issues
Abstract
There are important unresolved questions about long-term trends of in- novation activity and the nature of the interplay between innovation and economic development and transformation. This study explores the promise of a literature-based innovation output indicator, constructed for the Swedish engineering industry, 1909-2016. The findings suggest a long-run increasing trend in innovations per capita. Meanwhile, product innovations have also become more complex and it is suggested that crude innovation counts underestimate the long-run innovation performance. In order to analyse innovation and economic development across different frequencies, the study uses a wavelet decomposition approach. The results suggest that innovation activity... (More)
There are important unresolved questions about long-term trends of in- novation activity and the nature of the interplay between innovation and economic development and transformation. This study explores the promise of a literature-based innovation output indicator, constructed for the Swedish engineering industry, 1909-2016. The findings suggest a long-run increasing trend in innovations per capita. Meanwhile, product innovations have also become more complex and it is suggested that crude innovation counts underestimate the long-run innovation performance. In order to analyse innovation and economic development across different frequencies, the study uses a wavelet decomposition approach. The results suggest that innovation activity has surged in periods of intense industry rationalization and struc- tural crisis (1930s, 1970s and 2010s) and that such pulses were intimately connected to the second and third industrial revolutions. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working paper/Preprint
publication status
published
subject
keywords
Innovation, Wavelet analysis, Technological systems, N13, O31, O14
in
Lund Papers in Economic History. General Issues
issue
2019:196
pages
34 pages
language
English
LU publication?
yes
id
a6ce7e2b-5f37-44db-abe7-8749bd783080
date added to LUP
2019-03-11 10:29:26
date last changed
2019-04-03 09:18:07
@misc{a6ce7e2b-5f37-44db-abe7-8749bd783080,
  abstract     = {{There are important unresolved questions about long-term trends of in- novation activity and the nature of the interplay between innovation  and economic development and transformation. This study explores the promise of a literature-based innovation output indicator, constructed for the Swedish engineering industry, 1909-2016. The findings suggest a long-run increasing trend in innovations per capita. Meanwhile, product innovations have also become more complex and it is suggested that crude innovation counts underestimate the long-run innovation performance. In order to analyse innovation and economic development across different frequencies, the study uses a wavelet decomposition approach. The results suggest that innovation activity has surged in periods of intense industry rationalization and struc- tural crisis (1930s, 1970s and 2010s) and that such pulses were intimately connected to the second and third industrial revolutions.}},
  author       = {{Taalbi, Josef}},
  keywords     = {{Innovation; Wavelet analysis; Technological systems; N13; O31; O14}},
  language     = {{eng}},
  note         = {{Working Paper}},
  number       = {{2019:196}},
  series       = {{Lund Papers in Economic History. General Issues}},
  title        = {{Innovation waves and technological transitions: Sweden, 1909-2016}},
  url          = {{https://lup.lub.lu.se/search/files/62621200/LUPEH_196.pdf}},
  year         = {{2019}},
}