Collaborative Innovation Blocs and Antifragility

26 Pages Posted: 5 Dec 2019 Last revised: 2 Mar 2020

See all articles by Niklas Elert

Niklas Elert

Research Institute of Industrial Economics (IFN)

Magnus Henrekson

Research Institute of Industrial Economics (IFN)

Date Written: February 28, 2020

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: Evolutionary Economics, Entrepreneurship, Innovation, Institutional Economics, Institutions, Schumpeterian Entrepreneurship

JEL Classification: B53, D20, G32, L23, L26, O33

Suggested Citation

Elert, Niklas and Henrekson, Magnus, Collaborative Innovation Blocs and Antifragility (February 28, 2020). IFN Working Paper No. 1306, Available at SSRN: https://ssrn.com/abstract=3490642

Niklas Elert

Research Institute of Industrial Economics (IFN) ( email )

Box 55665
Grevgatan 34, 2nd floor
Stockholm, SE-102 15
Sweden
+46(0)703902751 (Phone)

Magnus Henrekson (Contact Author)

Research Institute of Industrial Economics (IFN) ( email )

P.O. Box 55665
Grevgatan 34
Stockholm, SE-10215
Sweden
+46-8-6654502 (Phone)
+46-8-6654599 (Fax)

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