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Brisbane Club Meeting in Vienna

I am currently attending the Vienna meeting of the honorable Brisbane Club. The Brisbane Club is an informal series of meetings of scholars of neo-Schumpeterian and evolutionary economics.

The meeting is organized by Kurt Dopfer. The line-up of scholars to give presentations at this three day meeting is amazing and promises interesting discussions:

J. Stanley Metcalfe,  “Restless Capitalism and the theory of economic evolution”

John Foster, “Energy, knowledge and economic growth”

Ulrich Witt, with Georg Schwesinger, “Phylogenetic footprints in organizational behavior”

Horst Hanusch and Andreas Pyka, “Social Innovations”

Jean-Robert Tyran, “Emergence of institutions: Self-organisation for collective action”

Georg D. Blind, ”Investigating entrepreneurial spirit with the rule approach: Why self employment is on the decline in Japan”

Jason Potts, “Institutions of innovation policy”

Kurt Dopfer, “The evolution of markets: A rule-based approach”

Honorary Guest: HH. Hans-Adam II Prince of Liechtenstein, on “The State in the Third Millennium”

Pier Paolo Saviotti and Andreas Pyka, “From necessities to imaginary worlds: Structural change, product quality and economic development”

Cristiano Antonelli and Gigi Ferraris, “Innovation as an emerging system property: An agent based model”

Esben Sloth Andersen, “Analysing multidimensional selection and evolution”

Jerry Silverberg, “Percolation models”

Caroline Gerschlager, “Change Agents”

Robert Delorme, “A behavioral post-Simonian and post-Keynesian model”

Michael Peneder and Andreas Resch, ”Schumpeter and venture financing”

Stefan Thurner, “Systemic risk in financial networks: Quantification and control”

Francisco Louçã, “Complex structures and regime changes in financial markets: How Fama and DSGE go wrong”

Uwe Cantner and  Simone Vanuccini, “Reflections on an evolutionary approach to General Purpose Technology”

Karolina Safarzynska, “Rebound effect in manufacturing industries: producer and consumer interactions”

Bernd Ebersberger and Sverre Herstad, Tore Sandven, “Recruitment and industrial innovation”

Manuel Wäckerle, “Generic Institutionalism”

The workshop was held in the Stadtpalais of Liechtenstein in the heart of Vienna,  hosted by HH. Hans-Adam II Prince of Liechtenstein


[The image shows the Stadtpalais of Liechtenstein in Vienna]

Open innovation practices and their effect on innovation performance

We all are relieved. A paper that has been accepted for publication about 2.5 years ago, has finally been published. “Open innovation practices and their effect on innovation performance” by Carter Bloch, Sverre Herstad, Els van de Velde and myself has been published last night by International Journal of Innovation and Technology Management (IJITM).

The findings in the paper date back to a project under the Vision EraNet umbrella, which is also reported here.

This paper develops a novel indicator framework for examining open innovation practices and their impact on performance. The analysis, which is based on Community Innovation Survey (CIS) data for Austria, Belgium, Denmark and Norway, yields a number of interesting results. First, we find that open innovation practices have a strong impact on innovation performance. Second, results suggest that broad-based approaches yield the strongest impacts, and that the collective of open innovation strategies appear more important than individual practices. Third, intramural investments are still important for innovative performance, stressing that open innovation is not a substitute for internal knowledge building.

Sverre Herstad and myself, together with others, extended the analysis reported in this paper in a project documented here.