Innovation in the New ICT Ecosystem

Communications & Strategies, Vol. 68, p. 89, 4th Quarter 2007

In Martin Fransman's THE NEW ICT ECOSYSTEM: IMPLICATIONS FOR EUROPE, Forthcoming

23 Pages Posted: 6 Mar 2009

See all articles by Martin Fransman

Martin Fransman

University of Edinburgh - Economics

Date Written: March 3, 2009

Abstract

The widespread adoption of the Internet has transformed the ICT Sector, giving birth to what has been referred to as the New ICT Ecosystem. But how does this ecosystem work and what changes it over time? These questions are explored in this paper, using some of the insights of Schumpeterian evolutionary economics. To summarise, it is shown that innovation, the endogenous creation of new knowledge in the ecosystem, emerges from six key symbiotic relationships. These relationships are shaped both by competition and by institutions which include financial institutions, regulation and competition law, standardisation and universities. It is these processes of innovation that make the New ICT Ecosystem the restless, incessantly changing system that it is. This paper comes from the author's forthcoming book, The New ICT Ecosystem: Implications for Europe.

Keywords: ICT, ecosystem, innovation, evolution, European competitiveness

JEL Classification: L22, O52, O31, O32

Suggested Citation

Fransman, Martin, Innovation in the New ICT Ecosystem (March 3, 2009). Communications & Strategies, Vol. 68, p. 89, 4th Quarter 2007, In Martin Fransman's THE NEW ICT ECOSYSTEM: IMPLICATIONS FOR EUROPE, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1352492

Martin Fransman (Contact Author)

University of Edinburgh - Economics ( email )

50 George Square
Edinburgh, EH8 9JY, Scotland
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
873
Abstract Views
2,726
rank
33,154
PlumX Metrics