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Innovation trends a...
Innovation trends and industrial renewal in Finland and Sweden 1970-2013
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- Kander, Astrid (author)
- Lund University,Lunds universitet,Ekonomisk-historiska institutionen,Ekonomihögskolan,Department of Economic History,Lund University School of Economics and Management, LUSEM,Department of Economic History, Lund University, Lund, Sweden
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- Taalbi, Josef (author)
- Lund University,Lunds universitet,Ekonomisk-historiska institutionen,Ekonomihögskolan,Department of Economic History,Lund University School of Economics and Management, LUSEM,Department of Economic History, Lund University, Lund, Sweden
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- Oksanen, Juha (author)
- VTT, Technical Research Center of Finland, Espoo, Finland,Teknologian Tutkimuskeskus (VTT),Technical Research Centre of Finland (VTT)
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- Sjöö, Karolin (author)
- Lund University,Lunds universitet,Ekonomisk-historiska institutionen,Ekonomihögskolan,Department of Economic History,Lund University School of Economics and Management, LUSEM,Department of Economic History, Lund University, Lund, Sweden
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- Rilla, Nina (author)
- VTT, Technical Research Center of Finland, Espoo, Finland,Teknologian Tutkimuskeskus (VTT),Technical Research Centre of Finland (VTT)
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(creator_code:org_t)
- 2018-10-03
- 2018
- English 54 s.
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In: Scandinavian Economic History Review. - : Informa UK Limited. - 1750-2837 .- 0358-5522.
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Abstract
Subject headings
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- We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970-2013). Our novel dataset, collected using the LBIO (literature-based innovation output) method, suggests that the innovation trends are positive for both countries, despite an extended downturn in the 1980s. The findings cast some doubt on the proposition that the current stagnation of many developed countries is due to a lack of innovation and investment opportunities. Our data show that Finland catches up to, and passes, Sweden in innovation output in the 1990s. In per capita terms, Finland stays ahead throughout the period. We find that the strong Finnish performance is largely driven by innovation increase in just a handfull of sectors, but is not restricted to few companies. Both countries saw a rise in innovation during the dot-com era and the structural changes that followed. Since 2000 however, Sweden has outperformed Finland in terms of total innovations, especially in machinery and ICT, while the Finnish rate of innovation has stabilized. We suggest that these patterns may be explained by different paths of industrial renewal.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
- HUMANIORA -- Historia och arkeologi -- Historia (hsv//swe)
- HUMANITIES -- History and Archaeology -- History (hsv//eng)
Keyword
- Innovation
- structural decomposition
- literature based innovation output
- industrial renewal
Publication and Content Type
- art (subject category)
- ref (subject category)
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