RT Journal Article
T1 Dynamics of innovation over time: Evidence from the Spanish business elite
A1 Ortiz-Villajos López, José María
AB Although Spain was not a leading country in technology, it generated numerous innovations, which must be analyzed in order to understand its particular development trajectory. This paper makes a contribution in this line by quantifying the innovation activity of the country’s business elite between c. 1870 and 1970. In addition, we have sought to verify whether some of the well-known debated dynamics of innovation over time are fulfilled in this case. First with a descriptive analysis and then through the VAR technique, it has been found that innovation occurred in waves, as Schumpeter pointed out despite Kuznets; major innovations were followed by incremental advances; process innovations predominated in the early stages of modern development and product innovations gained preponderance later; and that indigenous innovation favored the importation of technology. A structural break test has identified sharp fluctuations in innovation, apparently related to institutional factors and relevant changes in the economy.
PB Elsevier
SN 0954-349X
YR 2024
FD 2024-01-12
LK https://hdl.handle.net/20.500.14352/104364
UL https://hdl.handle.net/20.500.14352/104364
LA eng
NO Ortiz-Villajos, J. M. Dynamics of Innovation over Time: Evidence from the Spanish Business Elite. Structural Change and Economic Dynamics 2024, 69, 378–394. https://doi.org/10.1016/j.strueco.2024.01.001.
NO 2023 Acuerdos transformativos CRUE
DS Docta Complutense
RD 26 feb 2026