Josef Taalbi
Senior lecturer
Innovation waves and technological transitions: Sweden, 1909-2016
Author
Summary, in English
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.
Department/s
- Department of Economic History
Publishing year
2019
Language
English
Publication/Series
Lund Papers in Economic History. General Issues
Issue
2019:196
Full text
- Available as PDF - 707 kB
- Download statistics
Document type
Working paper
Topic
- Economic History
Keywords
- Innovation
- Wavelet analysis
- Technological systems
- N13
- O31
- O14
Status
Published