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Collaborative innovation blocs and antifragility

Published online by Cambridge University Press:  06 March 2020

Niklas Elert  and
Magnus Henrekson
Niklas Elert*
Affiliation:
Research Institute of Industrial Economics (IFN), Box 55665, SE-102 15, Stockholm, Sweden
Magnus Henrekson
Affiliation:
Research Institute of Industrial Economics (IFN), Box 55665, SE-102 15, Stockholm, Sweden
*
*Corresponding author. Email: [email protected]
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Abstract

We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive, especially regarding policy prescriptions. Such policy actions should strive to improve the antifragility of CIBs and the economic system as a whole, thus enabling individual CIBs and the broader economic system to thrive when faced with adversity. With this in mind, we develop heuristics to evaluate CIB antifragility before using Sweden's economic and institutional evolution since the 1970s as a backdrop for identifying a set of institutional areas where reform can be undertaken to move in this direction.

Keywords

Entrepreneurshipevolutionary economicsinnovationinstitutionsinstitutional economics
Type
Research Article
Information
Journal of Institutional Economics , Volume 16 , Issue 4 , August 2020 , pp. 537 - 552
Copyright
Copyright © Millennium Economics Ltd 2020

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