Innovation trends and industrial renewal in Finland and Sweden 1970–2013

Astrid Kander (Corresponding Author), Josef Taalbi, Juha Oksanen, Karolin Sjöö, Nina Rilla

    Research output: Contribution to journalArticleScientificpeer-review

    2 Citations (Scopus)

    Abstract

    We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970–2013). Our novel dataset, collected using the LBIO (literature-based innovation output) method, suggests that the innovation trends are positive for both countries, despite an extended downturn in the 1980s. The findings cast some doubt on the proposition that the current stagnation of many developed countries is due to a lack of innovation and investment opportunities. Our data show that Finland catches up to, and passes, Sweden in innovation output in the 1990s. In per capita terms, Finland stays ahead throughout the period. We find that the strong Finnish performance is largely driven by innovation increase in just a handfull of sectors, but is not restricted to few companies. Both countries saw a rise in innovation during the dot-com era and the structural changes that followed. Since 2000 however, Sweden has outperformed Finland in terms of total innovations, especially in machinery and ICT, while the Finnish rate of innovation has stabilised. We suggest that these patterns may be explained by different paths of industrial renewal.

    Original languageEnglish
    Pages (from-to)47-70
    Number of pages24
    JournalScandinavian Economic History Review
    Volume67
    Issue number1
    DOIs
    Publication statusPublished - 2 Jan 2019
    MoE publication typeNot Eligible

    Fingerprint

    Finland
    Sweden
    innovation
    Innovation
    trend
    Renewal
    stagnation
    structural change
    machinery
    Machinery
    lack
    performance
    Industry

    Keywords

    • industrial renewal
    • Innovation
    • literature-based innovation output
    • R&D growth paradox
    • structural change
    • structural decomposition
    • technology exhaustion

    Cite this

    @article{f307ac27c1bd4690a026d85e89e8361f,
    title = "Innovation trends and industrial renewal in Finland and Sweden 1970–2013",
    abstract = "We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970–2013). Our novel dataset, collected using the LBIO (literature-based innovation output) method, suggests that the innovation trends are positive for both countries, despite an extended downturn in the 1980s. The findings cast some doubt on the proposition that the current stagnation of many developed countries is due to a lack of innovation and investment opportunities. Our data show that Finland catches up to, and passes, Sweden in innovation output in the 1990s. In per capita terms, Finland stays ahead throughout the period. We find that the strong Finnish performance is largely driven by innovation increase in just a handfull of sectors, but is not restricted to few companies. Both countries saw a rise in innovation during the dot-com era and the structural changes that followed. Since 2000 however, Sweden has outperformed Finland in terms of total innovations, especially in machinery and ICT, while the Finnish rate of innovation has stabilised. We suggest that these patterns may be explained by different paths of industrial renewal.",
    keywords = "industrial renewal, Innovation, literature-based innovation output, R&D growth paradox, structural change, structural decomposition, technology exhaustion",
    author = "Astrid Kander and Josef Taalbi and Juha Oksanen and Karolin Sj{\"o}{\"o} and Nina Rilla",
    year = "2019",
    month = "1",
    day = "2",
    doi = "10.1080/03585522.2018.1516697",
    language = "English",
    volume = "67",
    pages = "47--70",
    journal = "Scandinavian Economic History Review",
    issn = "0358-5522",
    publisher = "Taylor & Francis",
    number = "1",

    }

    Innovation trends and industrial renewal in Finland and Sweden 1970–2013. / Kander, Astrid (Corresponding Author); Taalbi, Josef; Oksanen, Juha; Sjöö, Karolin; Rilla, Nina.

    In: Scandinavian Economic History Review, Vol. 67, No. 1, 02.01.2019, p. 47-70.

    Research output: Contribution to journalArticleScientificpeer-review

    TY - JOUR

    T1 - Innovation trends and industrial renewal in Finland and Sweden 1970–2013

    AU - Kander, Astrid

    AU - Taalbi, Josef

    AU - Oksanen, Juha

    AU - Sjöö, Karolin

    AU - Rilla, Nina

    PY - 2019/1/2

    Y1 - 2019/1/2

    N2 - We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970–2013). Our novel dataset, collected using the LBIO (literature-based innovation output) method, suggests that the innovation trends are positive for both countries, despite an extended downturn in the 1980s. The findings cast some doubt on the proposition that the current stagnation of many developed countries is due to a lack of innovation and investment opportunities. Our data show that Finland catches up to, and passes, Sweden in innovation output in the 1990s. In per capita terms, Finland stays ahead throughout the period. We find that the strong Finnish performance is largely driven by innovation increase in just a handfull of sectors, but is not restricted to few companies. Both countries saw a rise in innovation during the dot-com era and the structural changes that followed. Since 2000 however, Sweden has outperformed Finland in terms of total innovations, especially in machinery and ICT, while the Finnish rate of innovation has stabilised. We suggest that these patterns may be explained by different paths of industrial renewal.

    AB - We examine trends in innovation output for two highly ranked innovative countries: Finland and Sweden (1970–2013). Our novel dataset, collected using the LBIO (literature-based innovation output) method, suggests that the innovation trends are positive for both countries, despite an extended downturn in the 1980s. The findings cast some doubt on the proposition that the current stagnation of many developed countries is due to a lack of innovation and investment opportunities. Our data show that Finland catches up to, and passes, Sweden in innovation output in the 1990s. In per capita terms, Finland stays ahead throughout the period. We find that the strong Finnish performance is largely driven by innovation increase in just a handfull of sectors, but is not restricted to few companies. Both countries saw a rise in innovation during the dot-com era and the structural changes that followed. Since 2000 however, Sweden has outperformed Finland in terms of total innovations, especially in machinery and ICT, while the Finnish rate of innovation has stabilised. We suggest that these patterns may be explained by different paths of industrial renewal.

    KW - industrial renewal

    KW - Innovation

    KW - literature-based innovation output

    KW - R&D growth paradox

    KW - structural change

    KW - structural decomposition

    KW - technology exhaustion

    UR - http://www.scopus.com/inward/record.url?scp=85054512183&partnerID=8YFLogxK

    U2 - 10.1080/03585522.2018.1516697

    DO - 10.1080/03585522.2018.1516697

    M3 - Article

    AN - SCOPUS:85054512183

    VL - 67

    SP - 47

    EP - 70

    JO - Scandinavian Economic History Review

    JF - Scandinavian Economic History Review

    SN - 0358-5522

    IS - 1

    ER -