Details
| Original language | English |
|---|---|
| Pages (from-to) | 875-904 |
| Number of pages | 30 |
| Journal | Journal of evolutionary economics |
| Volume | 24 |
| Issue number | 4 |
| Early online date | 1 Jun 2014 |
| Publication status | Published - Sept 2014 |
Abstract
The canonical economic literature on path dependence provides only a limited explanation of why and how new technological pathways are created initially. The motivation of this paper is to address this gap in the literature and argue that evolutionary economics theories of path dependence need to be linked with sociological explanations of how new technological pathways are created in the first instance by knowledgeable inventors and innovators. These arguments are developed by the authors in a hybrid socio-economic theory of new path creation. In this paper these theoretical arguments are illustrated empirically by a comparative analysis of the introduction and diffusion of new wind power technologies in Britain and Germany. The empirical analysis focuses on the key research question of why the introduction of these new technologies started earlier and has diffused sooner in Germany than in Britain.
Keywords
- Evolutionary economic geography, Germany, path creation, Renewable energy, United Kingdom, Wind energy industry
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- General Business,Management and Accounting
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
Sustainable Development Goals
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In: Journal of evolutionary economics, Vol. 24, No. 4, 09.2014, p. 875-904.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - New technological path creation
T2 - evidence from the British and German wind energy industries
AU - Simmie, James
AU - Sternberg, Rolf
AU - Carpenter, Juliet
N1 - Funding information: Neither the German nor the British inventors interviewed for this research thought that a lack of risk capital was a significant disincentive to the early stages of invention. This was partly because much of their work was funded either by public research grants or by companies interested in exploring the new technology.
PY - 2014/9
Y1 - 2014/9
N2 - The canonical economic literature on path dependence provides only a limited explanation of why and how new technological pathways are created initially. The motivation of this paper is to address this gap in the literature and argue that evolutionary economics theories of path dependence need to be linked with sociological explanations of how new technological pathways are created in the first instance by knowledgeable inventors and innovators. These arguments are developed by the authors in a hybrid socio-economic theory of new path creation. In this paper these theoretical arguments are illustrated empirically by a comparative analysis of the introduction and diffusion of new wind power technologies in Britain and Germany. The empirical analysis focuses on the key research question of why the introduction of these new technologies started earlier and has diffused sooner in Germany than in Britain.
AB - The canonical economic literature on path dependence provides only a limited explanation of why and how new technological pathways are created initially. The motivation of this paper is to address this gap in the literature and argue that evolutionary economics theories of path dependence need to be linked with sociological explanations of how new technological pathways are created in the first instance by knowledgeable inventors and innovators. These arguments are developed by the authors in a hybrid socio-economic theory of new path creation. In this paper these theoretical arguments are illustrated empirically by a comparative analysis of the introduction and diffusion of new wind power technologies in Britain and Germany. The empirical analysis focuses on the key research question of why the introduction of these new technologies started earlier and has diffused sooner in Germany than in Britain.
KW - Evolutionary economic geography
KW - Germany
KW - path creation
KW - Renewable energy
KW - United Kingdom
KW - Wind energy industry
UR - http://www.scopus.com/inward/record.url?scp=84939874504&partnerID=8YFLogxK
U2 - 10.1007/s00191-014-0354-8
DO - 10.1007/s00191-014-0354-8
M3 - Article
AN - SCOPUS:84939874504
VL - 24
SP - 875
EP - 904
JO - Journal of evolutionary economics
JF - Journal of evolutionary economics
SN - 0936-9937
IS - 4
ER -