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GRA 3154 International Perspectives in Innovation

Technological paradigms
and technological
A suggested trajectories
interpretation of the determinants
and directions of technical change

-Giovanni Dosi

Swagat R. Pyakurel
Student number: 08926841
MSc, Innovation and Entrepreneurship

.Background • Similarities between science and technology (in procedures and nature)…… paradigms • Inadequacy of one-dimensional “market” centric explanation of emergence of new technological paradigm.

. Introduction • Relationship between economic growth and change. • Technological paradigm and technical trajectory. • “Demand-pull” and “Technology-push” theories and their weaknesses.1. and technical progress.

2. Needs – expression of preferences .producer entry – proper innovative process – product • Market signalling .increased demand (of goods with preferred characteristics) . Critical review of the theories of technical change • Demand pull: recognition of needs by producers followed by attempts to satisfy those through technological efforts.

- Inability to explain selection and timing of a certain technological development instead of others - Neglect of change in inventive capability over time .• - Criticism (Demand pull) Technological changes as being passive and reactive to market conditions.

and institutional and social factors operate as a selective device in establishment of a certain technology • Economic criteria direct the actual path • Trajectories might be more or less powerful and complementary.3. • Superiority of one technological path over another (determination) . Technological paradigm and technological trajectories • Broad definition of technology • Technological paradigm and analogy with scientific paradigm • Technological trajectory - A normal problem solving activity within a technological paradigm • Exclusion effect • Economic forces.

Weakness of market mechanisms in selection of technological directions • Selection criteria: Excluding possible developments (negative criteria) marketability. Supply side define the paradigm and markets define the trajectories. .• Institutional effect on selection of technology and their importance . cost saving capability (positive criteria) • Final selection is through market as the selecting device.

Technical change and industrial structure • First phase: emergence of new technologies characterized by emergence of new firms • Second phase: Oligopolistic maturity .4.

Conclusions • Incremental versus radical innovations: normal technical progress versus emerging technological paradigms • Procedures of technical change • Cumulativeness of technical advances Importance of institutions .

php?id=1947&cf=28) . Teece. http://www2. ICC (2008) 17 (3): 507-512. “Technological trajectories and Industry evolution: The case of the Telecom Switching Industry. DRUID-DIME Academy Winter 2008 PhD Conference.References • David J. 2010.”.druid. (Accessed 28th Aug. • Arianna Martinelli .dk/conferences/viewpaper. “Dosi's technological paradigms and trajectories: insights for economics and management”.

Discussions .