Aug 25, 2012

"Creative Destruction" vs "Creative Accumulation"

Schumpeter Mark I industries are characterized by turbulent environments with relatively low entry barriers where innovations are (mostly) generated and developed by new “entrepreneurial” firms. Accordingly, technological competition among firms in Schumpeter Mark I industries assumes the form of “creative destruction” with successful innovating entrants replacing the incumbents. Vice versa, Schumpeter Mark II industries are characterized by stable environments with relatively high entry barriers in which innovations are generated and developed by large established firms. In Schumpeter Mark II industries technological competition assumes the form of “creative accumulation” with incumbent firms introducing innovations by means of a process of progressive consolidation of their technological capabilities along well established technological trajectories (Malerba, 2005, p. 382).
The authors conclude:
Our results indicate that, in general, a Schumpeter Mark I pattern is significantly related with a higher probability of inducing breakthrough inventions. As already mentioned, this result merits particular attention because the source we use to measure breakthrough invention (the “R&D 100” competition) is likely to be biased in favour of breakthrough inventions stemming from the R&D intensive segments of the economy. This finding may perhaps be interpreted as a vindication of the thesis of Jewkes, Sawers and Stillerman (1958) who, long ago, argued that inventive activities undertaken outside the walls of the research and development facilities of large corporation were continuing to play a fundamental role for the generation of breakthrough inventions.
An interesting graph from the paper:
HT: Laura Stefanescu.

19 comments:

  1. LIBERATED FROM DEBT, NOW PROPERTIES OWNER WITH THE HELP OF PROSPER LOAN: prosperloanfirm@yahoo.com

    Share this to help a soul right now, Ya'll will agree with me that the rate of online scamming is increasing by the day. I'm also a victim of it as i was scammed about 25,000usd all in the quest of seeking for an home loan. I actually gave up until a government official directed me to PROSPER LOAN FIRM, Despite the fact of my plight i had to give it a try since it was coming from a top government official. All comment ya'all see online are crap, I know the pains i went through just because i was looking for a loan i had to keep on selling valuables to keep paying unforeseen fees. I and some great personality have started a movement to end online scam because people are dying everyday, losing their homes, selling their property just because they need a loan. Apart from been a beneficiary of about 295,000usd in PROSPER LOAN FIRM lending scheme , We have also made a research to see that they are the best around the globe as far as online lending is concern, They have proven their self trustworthy and reliable back to back without failing. To end people debt, financial burden and been victimized here is the details of prosper loan firm. Email: prosperloanfirm@yahoo.com OR call +1(816) 366-8769 to put an end to your financial needs now. I'm Heather Patrick from Georgia, United States. It doesn't take you anything to share this great information and good news. Email: prosperloanfirm@yahoo.com OR call +1(816) 366-8769 and celebrate financial outbreak for the rest of your life.....

    ReplyDelete
    Replies


    1. Do You Seek Funds To Pay Off Credits and Debts ? { NeoGrowthsCredit@gmail.com }. We Offer All Kinds Of Loan, We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: NeoGrowthsCredit@gmail.com

      Please Fill the Application Form Below:
      - Complete Name:
      - Loan Amount Needed:
      - Loan Duration:
      - City / Country:
      - Telephone:
      - How Did You Hear About Us:

      Do You Need A Loan To Consolidate Your Debt At 1.0% ?. IF YES, Kindly Write Us With The Loan Requirement. Please, Contact Us via email: NeoGrowthsCredit@gmail.com



      Delete
    2. Do You Seek Funds To Pay Off Credits and Debts ? { NeoGrowthsCredit@gmail.com }. We Offer All Kinds Of Loan, We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: NeoGrowthsCredit@gmail.com

      Please Fill the Application Form Below:
      - Complete Name:
      - Loan Amount Needed:
      - Loan Duration:
      - City / Country:
      - Telephone:
      - How Did You Hear About Us:

      Do You Need A Loan To Consolidate Your Debt At 1.0% ?. IF YES, Kindly Write Us With The Loan Requirement. Please, Contact Us via email: NeoGrowthsCredit@gmail.com



      Delete
  2. EDWARD JONES FINANCE IS THE BEST PLACE TO GET A LOAN {Jonesloanfinance@yahoo.com},
    God bless you sir, I will not stop telling the world about your kindness in my life, I am a single mum with kids to look after. My name is Emily Thomas and I am from Convention Center Drive, Miami Beach, FL . A couple of weeks ago My friend visited me and along our discussion she told me about EDWARD JONES FINANCE, that they can help me out of my financial situation, I never believed cause I have spend so much money on different loan lenders who did nothing other than running away with my money. I have been in a financial mess for the pass 7 months now, She advised I give it a try so I mailed him and explain all about my financial situation to him, he therefore took me through the loan process and gave me a loan of $390,000.00 at a very low interest rate of 2% and today I am a proud business owner and can now take good care of my kids, If you must contact any firm to get any amount of loan you need with a low interest rate of 2% and better repayment schedule, please contact EDWARD JONES FINANCE email:- {Jonesloanfinance@yahoo.com} OR Text +1(307) 217-5388
    ............................

    ReplyDelete
    Replies
    1. Are you a victim to Scammers and you will love to recover your lost funds back. CONGRATULATIONS in advance as you contact M&D GROUP OF HACKER (A.K.A) SCAM HUNTER for positive result. For BINARY RECOVERY and to spy on your spouse. please Email:- pointekhack@gmail.com cyprusbinaryrecovery@gmail.com hyperhackerone@gmail.com cyberhackertap@gmail.com and we can also be of help with((University Grades. Loan. Wiping Criminal Records. Credit Cards Score. Blank ATM Card. iClouds Breaching. YouTube and Phone Hacking)) over the years we have stand as BackUp for individuals Organization to secure & to recover there lost Files/Password/Bitcoin and funds etc. REMEMBER YOUR HAPPINESS IS OUR PRIDE

      Delete
  3. Are You A Business Man Or Woman? Are You In Any Financial Mess Or Do You Need Funds To Start Up Your Own Business? Do You Need A Loan To Start A Nice Small Scale And Medium Business? Do You Have A Low Credit Score And You Are Finding It Hard To Obtain Capital Loan From Local Banks And Other Financial Institutes?. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    We Like To Inform You That Our Main Goals Are To Help Companies And Entrepreneurs Raise Their Business To New Heights By Investing, Consulting And Raising Capital Without Bank Lending. We Are Qualified In All Aspects Of Financing, Banks And Asset Based Lending. We Have The Ability To Handle All Aspects Of The Financial Needs And Challenges Of Our Clients, Including; Real Estate Investment And Any Other Large Variety Of Sectors That Need Financing. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

    Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    - Complete Name:
    - Loan amount needed:
    - Loan Duration:
    - Purpose of loan:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    ReplyDelete
  4. Are You A Business Man Or Woman? Are You In Any Financial Mess Or Do You Need Funds To Start Up Your Own Business? Do You Need A Loan To Start A Nice Small Scale And Medium Business? Do You Have A Low Credit Score And You Are Finding It Hard To Obtain Capital Loan From Local Banks And Other Financial Institutes?. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    We Like To Inform You That Our Main Goals Are To Help Companies And Entrepreneurs Raise Their Business To New Heights By Investing, Consulting And Raising Capital Without Bank Lending. We Are Qualified In All Aspects Of Financing, Banks And Asset Based Lending. We Have The Ability To Handle All Aspects Of The Financial Needs And Challenges Of Our Clients, Including; Real Estate Investment And Any Other Large Variety Of Sectors That Need Financing. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

    Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. - Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    - Complete Name:
    - Loan amount needed:
    - Loan Duration:
    - Purpose of loan:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Intermediaries / Consultants / Brokers Are Welcome To Bring Their Clients And Are 100% Protected. Interested Parties Should Contact Us For More Information Through Via E-mail: CYSCredits@Post.com ( CYSCredits@Asia.com )

    ReplyDelete


  5. Do You Seek Funds To Pay Off Credits and Debts ? { NeoGrowthsCredit@gmail.com }. We Offer All Kinds Of Loan, We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: NeoGrowthsCredit@gmail.com

    Please Fill the Application Form Below:
    - Complete Name:
    - Loan Amount Needed:
    - Loan Duration:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    Do You Need A Loan To Consolidate Your Debt At 1.0% ?. IF YES, Kindly Write Us With The Loan Requirement. Please, Contact Us via email: NeoGrowthsCredit@gmail.com



    ReplyDelete


  6. Do You Seek Funds To Pay Off Credits and Debts ? { NeoGrowthsCredit@gmail.com }. We Offer All Kinds Of Loan, We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: NeoGrowthsCredit@gmail.com

    Please Fill the Application Form Below:
    - Complete Name:
    - Loan Amount Needed:
    - Loan Duration:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    Do You Need A Loan To Consolidate Your Debt At 1.0% ?. IF YES, Kindly Write Us With The Loan Requirement. Please, Contact Us via email: NeoGrowthsCredit@gmail.com



    ReplyDelete
  7. Dear Sir/Ma,

    We are project funder as well as financial lender. We have BG/SBLC specifically for BUY/LEASE at a leasing price of 4%+2% of face value Issuance by HSBC London and many other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Also We are into the provision of short term and long term business/personal loans for both small and large scale business funds.

    * FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%

    * FOR PURCHASE OF FRESH CUT BG/SBLC
    PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

    ENNIE OWEN
    E-mail : evergrowthfinancialltd@gmail.com
    Skype id : evergrowthfinancialltd@gmail.com

    ReplyDelete
  8. We are exclusive agent to direct providers of Fresh Cut BG, SBLC, MTN Bonds, Bank draft and Loans which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as set forth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc.

    DESCRIPTION OF INSTRUMENTS:
    1. Instrument: Bank Guarantee (BG/SBLC) (Appendix A)
    2. Total Face Value: Eur 5M MIN and Eur 10B MAX (Ten Billion USD) .
    3. Issuing Bank: HSBC Bank London, Credit Suisse and Deutsche Bank Frankfurt.
    4. Age: One Year, One Month
    5. Leasing Price: 3% of Face Value plus 2% commission fees to brokers.
    6. Delivery: Bank to Bank swift.
    7. Payment: MT-103 or MT760
    8. Hard Copy: Bonded Courier within 7 banking days.

    The Leased Instruments includes: BG’ s, Insurance Guarantees, MTN, ( SBLC) Standby Letters of Credit and Third Party Guarantees such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

    Our BG/ SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.


    BROKERS ARE WELCOME & 100% PROTECTED!!!

    We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.


    Regards

    Philip James
    Email: info.frjames1971@gmail.com
    Skype: info.frjames1971@gmail.com

    ReplyDelete
  9. Do You Seek Funds To Pay Off Credits and Debts ? { NeoGrowthsCredit@gmail.com }. We Offer All Kinds Of Loan, We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: NeoGrowthsCredit@gmail.com

    Please Fill the Application Form Below:
    - Complete Name:
    - Loan Amount Needed:
    - Loan Duration:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    Do You Need A Loan To Consolidate Your Debt At 1.0% ?. IF YES, Kindly Write Us With The Loan Requirement. Please, Contact Us via email: NeoGrowthsCredit@gmail.com



    ReplyDelete
  10. Do You Need A Loan To Consolidate Your Debt At 1.0%? ValidusCapital@execs.com ( ValidusCapital@techie.com ) Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: ValidusCapital@execs.com ( ValidusCapital@techie.com )

    We Offers Financial Consulting To Client, ValidusCapital@execs.com ( ValidusCapital@techie.com ) Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: ValidusCapital@execs.com ( ValidusCapital@techie.com )

    ReplyDelete
  11. Do you need a loan? If yes! Contact FIFO Capitals and Mortgages Limited ® for small and large loans amount. We give out loan at 2% interest rate. Contact us today via E-mail at,,,((FIFOCapitals@gmail.com)),,, We also give out from. £5 thousand Pounds to 100 million Pounds for individuals and companies, the credit is open to all regardless of nationality....   

    ReplyDelete
  12. Loan offer 100% guarantee and risk free. to Apply We Offer all types of Finance loans for immediate respond application and many more We give out loans within 1 year to 20 years maximum repayment plan. contact us abdullahibrahimlender@gmail.com Or whatspp Number +918929490461 Mr ibrahim

    ReplyDelete
  13. Hai semuanya, Nama saya Angga Annisa dan saya berbicara sebagai orang yang paling bahagia di seluruh dunia hari ini sebelum sekarang saya secara finansial dipukul tanpa harapan akan bantuan apa pun, tetapi ceritanya akan segera berubah ketika saya bertemu dengan Ibu. Saya sangat senang untuk mengatakan keluarga saya kembali untuk selamanya karena saya membutuhkan pinjaman sebesar Rp.700juta untuk memulai hidup saya di sekitar karena profesi saya karena saya seorang ibu tunggal dengan 3 anak dan seluruh dunia tampak seperti itu tergantung pada saya sampai Tuhan mengirim saya kepada sebuah perusahaan yang mengubah hidup saya dan keluarga saya, perusahaan yang takut akan Tuhan, ISKANDAR LENDERS, mereka adalah Juruselamat Tuhan yang dikirim untuk menyelamatkan keluarga saya dan pada awalnya saya pikir itu tidak akan mungkin sampai saya mendapat pinjaman sebesar Rp.700 juta dan saya akan menyarankan siapa pun yang benar-benar membutuhkan pinjaman untuk menghubungi Bunda Iskandar melalui email. [iskandalestari.kreditpersatuan@gmail.com] karena ini adalah pemberi pinjaman yang paling memahami dan baik

    Contact Details:

    e_mail Address:iskandalestari.kreditpersatuan@gmail.com>>>>
    WhatsApp:::+6282274045059
    Company::Iskandar Lenders"""""
    Loan Amount:::Rp.850juta
    Name:::::Angga Annisa
    Country::::Indonesia
    Occupation:Trader
    Year:April,2020

    Jumlah minimum>>>>>>Rp.100 juta
    Jumlah maksimum>>>>>Rp.100 miliar

    ReplyDelete
  14. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
    Dear Sir/Ma,
    We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.
    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC
    PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    Our BG/SBLC Financing can help you get your project funded,
    loan financing by providing you with yearly.
    RWA ready to close leasing with any interested client in few banking days
    I will be glad to share with you our working procedures.
    Name : Scott james
    Email : inquiry.securedfunding@gmail.com
    Skype : Inquiry.securedfunding@gmail.com

    ReplyDelete
  15. DO YOU NEED AN URGENT LOAN???
    INSTANT AFFORDABLE PERSONAL/BUSINESS/HOME/INVESTMENT LOAN OFFER WITHOUT COST/STRESS CONTACT US TODAY VIA Whatsapp +19292227023 Email drbenjaminfinance@gmail.com

    Hello, Do you need an urgent loan to support your business or in any purpose? we are certified and legitimate and international licensed loan Company. We offer loans to Business firms, companies and individuals at an affordable interest rate of 2% , It might be a short or long term loan or even if you have poor credit, we shall process your loan as soon as we receive your application. we are an independent financial institution. We have built up an excellent reputation over the years in providing various types of loans to thousands of our customers. We Offer guaranteed loan services of any amount to people all over the globe, we offer easy Personal loans,Commercial/business loan, Car Loan Leasing/equipment finance, Debt consolidation loan, Home loan, ETC with either a good or bad credit history. If you are in need of a loan do contact us via Whatsapp +19292227023 Email drbenjaminfinance@gmail.com
    ®Capital Managements Inc™ 2021.
    Share this to help a soul right now, Thanks

    ReplyDelete
  16. Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable conditionfrom a genuine provider. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.

    Contact : Mr. Richard Chadwich
    Contact Email: ribellodasilver01.finance@gmail.com


    With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve collateral in your bank to fund your project.

    We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

    All relevant business information will be provided upon request.

    BROKERS ARE WELCOME & 100% PROTECTED!!!

    If Interested kindly contact me via

    Email:~ ribellodasilver01.finance@gmail.com

    serious enquiry only.

    ReplyDelete