Journal
RESEARCH POLICY
Volume 31, Issue 2, Pages 247-264Publisher
ELSEVIER
DOI: 10.1016/S0048-7333(01)00139-1
Keywords
innovation systems; sectoral systems; evolutionary economics; industrial economics; industrial organization; industrial dynamics
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The concept sectoral system of innovation and production provides a multidimensional, integrated and dynamic view of sectors. It is proposed that a sectoral system is a set of products and the set of agents carrying out market and non-market interactions for the creation, production and sale of those products. A sectoral systems has a specific knowledge base, technologies, inputs and demand. Agents are individuals and organizations at various levels of aggregation. They interact through processes of communication, exchange, co-operation, competition and command, and these interactions are shaped by institutions. A sectoral system undergoes change and transformation through the co-evolution of its various elements. (C) 2002 Elsevier Science B.V. All rights reserved.
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