The project develops an integrated analysis of the anatomy and dynamics of innovation processes and the ensuing patterns of industrial change and employment, starting from the ways in which new knowledge is incorporated into business, down to the market processes of “Schumpeterian” competition.
Target 1
We will investigate the micro-properties of industrial dynamics, looking at the way in which learning, selection, and firm growth shape industry evolution.
Target 2
We will investigate the effects of trade and technology on job creation, job destruction, and wage dynamics at the industry and firm level. Scholars and policy-makers alike are paying growing attention to the role innovation may have in boosting or destroying employment and in wage dynamics; very similar concerns have been expressed about the role of trade in displacing workers in developed economies.
Target 3
We will investigate the main features and the evolution of innovation patterns as well as the industrial dynamics in sectors that are characterised by the emergence of radical innovations within 1) complex product-systems and 2) general purpose technologies.
In order to carry out this comprehensive set of analyses, we will integrate data from different sources: firm-level data, sector- and country-level data, and the rich information contained in patent records.
Results will have important implications relevant for innovation-driven growth and mission-oriented innovation policies capable of improving the inclusiveness and sustainability of today’s economic systems.
