Una Revisión de la Interpretación Económica sobre la Innovación

Luis Miguel Beristain


Theorists have employed two conflicting approaches in order to understand the economic concept of innovation: the classical theory of static equilibrium where innovation is interpreted as being exogenous to the economic system, and the dynamic equilibrium theory of endogenous technological change. Despite progress in studies and inquiries on the second model, research in and teaching of economics remain dominated by the first approach. This review discusses the differences between science, technology and innovation and implications of dynamic equilibrium theory in understanding the economy and wealth creation processes.


innovation, technological change, static equilibrium, dynamic equilibrium.

Full Text:

PDF [es]


ACEMOGLU, D., Linn, J. (2003). Market size in innovation: theory and evidence from the pharmaceutical industry. Cambridge, MA: National Bureau of Economic Research Working Paper Series, No. 10038.

ACS, Z. J., Audretsch, D. B. (1988). Innovation in large and small firms: an empirical analysis. The American Economic Review, 78(4): 678-690.

ADAMS, J. D., Marcu, M. (2004). R&D sourcing, joint ventures and innovation: a multiple indicators approach. Cambridge, MA: National Bureau of Economic Research Working Paper Series, No. 10474.

AFUAH, A. (2002). Mapping technological capabilities into product market and competitive advantage: the case of cholesterol drugs. Strategic Management Journal, 23(2): 171-179.

AGHION, P., Bloom, N., Blundell, R., et al. (2002). Competition and innovation: an inverted u relationship. Cambridge, MA: National Bureau of Economic Research Working Paper Series, No. 9269.

ANDREW, J. P., Sirkin, H. L. (2006). Payback: reaping the rewards of innovation. Harvard Business School Press, Boston, MA.

ASHTON, T. S. (1975). La revolución industrial 1760-1830. Fondo de Cultura Económica, Mexico. (Trabajo original publicado en 1948).

BAGGS, J., de Bettignies, J. E. (2006). Product market competition and agency costs. Sauder School of Business Working Papers : 1-36.

BAS, T. G., Amoros, E., Kunc, M. (2008). Innovation, entrepreneurship and clusters in Latin America natural resource: implication and future challenges. Journal of Technology Management & Innovation, 3(4): 52-65.

BARTEL, A. P., Sicherman, N. (1999). Technological change and wages: an interindustry analysis. The Journal of Political Economy, 107(2), 285-325.

BASALLA, G. (1999). The evolution of technology. Cambridge University Press, Cambridge, UK. (Original work published 1988).

BEINHOCKER, E. D. (2006). The origin of wealth: evolution, complexity, and the radical remaking of economics. Harvard Business School Press, Boston, MA.

BLUNDELL, R., Griffith, R., Van Reenen, J. (1999). Market share, market value and innovation in a panel of British manufacturing firms. The Review of Economic Studies, 66(3): 529-554.

BOLDRIN, M., Levine, D. K. (2002). The theory of innovation without intellectual monopoly, California, LA: Levine's Working Paper Archives from UCLA Department of Economics.

BOLDRIN, M., Levine, D. E. (2003). Perfectly competitive innovation, National Science Foundation Papers, January 17.

BOLDRIN, M., Levine, D. K. (2004). Rent-seeking and innovation, Journal of Monetary Economics, 51(1): 127-160.

BRUUN, G. (1974). La Europa del siglo XIX. Fondo de Cultura Económica, México. (Trabajo original publicado en 1959).

CASAS, R., Luna, M. (1997). Gobierno, academia y empresas en México. Plaza y Valdés Editores, México.

CHRISTENSEN, C. M. (2005). The innovator's dilemma. Harper Collins Publishers, New York, NY (Original work published 1997).

COASE, R. H. (1988). The firm, the market and the law. The University of Chicago Press, Chicago.

COASE, R. H. (1994). Essays on economics and economists. The University of Chicago Press, Chicago, IL.

CORRIVEAU, L. (1998). Innovation races, strategic externalities and endogenous growth. Economica, New Series, 65(259): 303-325.

DEMSETZ, H. (1997). The economics of the business firm: seven critical commentaries. Cambridge University Press, New York.

DRUCKER, P. F. (1988). La innovación y el empresariado innovador: la práctica y los principios. Hermes, México.

DRUCKER, P. F. (1998). On the profession of management. Harvard Business School Press, Boston, MA.

GATTI, D. (1998). Unemployment and innovation patterns: the role of business coordination and market competition, Wissenschaftszentrum Berlin für Sozialforschung: Discussion Paper FS I 98-306.

GEROSKI, P. A. (1989). Entry, innovation and productivity growth. The Review of Economic and Statistics, 71(4): 572-578.

GEROSKI, P. A., Pomroy, R. (1990). Innovation and the Evolution of Market Structure. The Journal of Industrial Economics, 38(3): 299-314.

GOMPERS, P. A. (2002). Corporations and the financing of innovation: the corporate venturing experience. Economic Review, 87(4), 1-17.

GOPALAKRISHNAN, S. (2000). Unraveling the links between dimensions of innovation and organizational performance. The Journal of High Technology Research Management, 11(1): 137-153.

HENDERSON, R. (1993). Underinvestment and incompetence as responses to radical innovation: evidence from photolithographic alignment equipment industry. The RAND Journal of Economics, 24(2): 248-270.

KOELLER, C. T. (1995). Innovation, market structure and firm size: a simultaneous equations model. Managerial and Decision Economics, 16(3), 259-269.

LASKI, H. J. (1977). El liberalismo europeo. Fondo de Cultura Económica, México (Trabajo original publicado en 1936).

LIENHARD, J. H. (2006). How invention begins: echoes of old voices in the rise of new machines. New York, NY: Oxford University Press.

LUCAS, R. (1993). Making a miracle. Econometrica, 61(2), 251-272.

MANSFIELD, E. (1963). Size of firm, market structure, and innovation. The Journal of Political Economy, 71(6): 556-576.

MORE, C. (2000). Understanding the Industrial Revolution. Routledge, London.

MOSER, P. (2003). How do patent laws influence innovation?: evidence from nineteenth-century world fairs. Cambridge, MA: National Bureau of Economic Research Working Paper Series, No. 9909.

NELSON, R. R. (1959). The simple economics of basic scientific research. The Journal of Political Economy, 67(3), 297-306.

OGDEN A. H., Teece, D. J. (1980). Vertical integration and technological innovation. The Review of Economics and Statistics, 62(3): 470-474.

ORDÓÑEZ, J. (2001). Ciencia, tecnología e historia: relaciones y diferencias. ITESM-Ariel, México.

PORTER, M. E. (1999). Ser competitivo: nuevas aportaciones y conclusiones. Editorial Deusto, España.

ROBINSON, W. T. (1990). Product innovation and start-up business market share performance. Management Science, 36(10): 1279-1289.

ROMER, P. M. (1986). Increasing returns and long-run growth. The Journal of Political Economy, 94(5), 1002-1037.

ROMER, P. M. (1990). Endogenous technological change. The Journal of Political Economy, 98(5), 71-102.

ROMO, D., Hill de Titto, P. (2006). Los determinantes de las actividades tecnológicas en México. Documentos de Trabajo en Ciencia y Tecnología del Centro de Investigación y Docencia Económicas, CIDECyT 06-01, México.

ROSENBERG, N. (2000). Schumpeter and the endogeneity of technology. Routledge, London.

SAY, J. B. (2002). A treatise on political economy: or the production, distribution, and consumption of wealth. Batoche Books, Kitchener, ON.

SCHERER, F. M. (1982). Demand-pull and technological invention: Schmookler revisited. The Journal of Industrial Economics, 30(3), 225-237.

SCHUMPETER, J. A. (1975). Capitalism, socialism, and democracy. Harper Perennial, New York. (Original work published 1942).

SCHUMPETER, J. A. (2002). Essays: on entrepreneurs, innovations, business cycle, and the evolution of capitalism. Transaction Publishers, New Brunswick, NJ.

SCHUMPETER, J. A. (2004). The theory of economic development. Transaction Publishers, New Brunswick: (Original work published 1934).

SOLOW, R. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1): 65-94.

TEECE, D. J. (1986). Profiting from technological innovation: implications for integration, collaboration, licensing and public policy. Research Policy, No. 15: 285-305.

TEECE, D. J. (2000). Managing intellectual capital. Oxford University Press, New York.

UTTERBACK, J. M. (1971). The process of technological innovation within the firm. The Academy of management Journal, 14(1): 75-88.

UTTERBACK, J. M. (1996). Mastering the dynamics of innovation. Harvard Business School Press, Boston, MA. (Original work published 1994).

VARIAN, H. R. (2003). Intermediate microeconomics: a modern approach. W. W. Norton & Co., New York, NY.

WILLIAMSON, O. E. (1965). Innovation and market structure. The Journal of Political Economy, 73(1): 67-73.

WILLIAMSON, O. E. (1975). Markets and hierarchies: analysis and antitrust implications. The Free Press, New York.

WILLIAMSON, O.E. (1985). The economic institutions of capitalism. The Free Press, New York.

WILLIAMSON, O. E. (1995). Transaction costs economics and organization theory. In O. Williamson (Ed.), Organization theory: from Chester Barnard to the present and beyond (pp. 207-256). Oxford University Press, New York.

ZAWISLAK, P. A., Marins, L. M. (2007). Strengthening innovation in developing countries. Journal of Technology Management & Innovation, 2(4): 44-54.

DOI: http://dx.doi.org/10.4067/S0718-27242009000400012

Copyright (c)

2017 © Universidad Alberto Hurtado - Facultad de Economía y Negocios. 
Erasmo Escala 1835 - Santiago, Chile.
Economic Analysis Review | Observatorio Económico | Gestión y Tendencias 

Journal Supported by Chimera Innova Group