Mapping the innovation production process from accumulative advantage to economic outcomes: A path modeling approach |
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Authors: | Kaihua Chen Jiancheng Guan |
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Institution: | a School of Management, Beijing University of Aeronautics and Astronautics, 100191 Beijing, PR China b Institute of Policy and Management, Chinese Academy of Sciences, 100190 Beijing, PR China c School of Management, Graduate University, Chinese Academy of Sciences, 100190 Beijing, PR China |
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Abstract: | The research about the innovation production process (IPP) is burgeoning. Our understanding of the interdependent interactions between functionally distinct innovation activities during it from a systemic perspective is rather unclear, yet, which is beneficial to empirical innovation management. This study, based on systems thinking, presents a novel analytical framework to empirically and quantitatively map the IPP jointly associated with a path modeling approach, which helps in untangling the interactive mechanism between stage-specific innovation activities with distinct functions within an IPP from accumulative advantage to economic outcomes. We use the attractive analytical framework to guide an empirical investigation to the China's high-tech industries' IPP at the macro-regional level. Our empirical study confirms the dominant role of previous innovation capital accumulation in the whole IPP embedded into regional innovation systems of China's high-tech industries. That is, we prove the existence of accumulative advantage phenomenon in the regional IPP. The examination results show that there is a significant Matthew effect of technological innovation accumulation on technological innovation inputs as well as the Path dependence of technological innovation outputs/outcomes on technological innovation accumulation. This indicates that the innovation-practitioners should promote innovation capital accumulation for sustainable innovations and economic profits in a long time. At the same time, our findings suggest that, in order to alleviate the cross-regional unbalance of innovation development and promote radial innovations in China's high-tech industries, both policy-makers and innovation-practitioners should try to get rid of the dependence on the previous accumulated innovation capital. |
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Keywords: | Innovation production process Path modeling analysis Matthew effects Path dependence China's high-tech innovations |
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