• Journal of Technology Innovation
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• v.13 no.1
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• pp.213-246
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• 2005

Despite of the impressive progress made in the Evolutionary techno-economics during the last two decades, there have been very little, if not at all, theoretical advancement in explaining an endogenous mechanism of transforming a technological paradigm within self-perpetuatingstructural dynamics. The question poorly attempted was raised by Schumpeter a century ago in his effort to overcome the well-known 'Walras' trap'. Although there have been increasing number of researchers recently tackling the issue quite seriously from within the Evolutionary school, I see it that radical reconstruction of the basic principle of Evolutionary research framework is urgently needed to solve the century long fundamental question, from evolutionary approach to transformational approach. In the paper, I will show the theoretical feasibility of explaining an endogenous mechanism of paradigm transformation, relying upon the concept of localized dynamics and the concept of morphogenetic structuration. It should be emphasized that there must be aendogenous process of deepening structural Instability generated in the process of economic coordination to secure efficient circular flow. The concept of development bottleneck initiated by the Baumol's cost disease could be regarded as one of the important source of such mechanism. Unfortunately, however, it is a brief conceptual description presented in the paper rather than a comprehensive analytical model, due to the space limitation imposed.

• 사회경제평론
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• no.38
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• pp.85-128
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• 2012

This paper aims to provide an evolutionary theory of firm existence and boundaries. We explicitly discuss about the cause of firm existence from the viewpoint of evolutionary economics, combine functionalistic and process-oriented explanation of firm evolution, and propose industry-level theory of firm boundaries. Vertical and horizontal firm boundaries are explained in the same frame.

• STI Policy Review
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• v.3 no.1
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• pp.1-45
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• 2012

This paper reviews the emerging literature on innovation policy from a practitioner's perspective, reviews the policy implications of an evolutionary perspective in economics, and identifies newly emerging areas of innovation policy analysis. We show that an innovation system is a dominant policy discourse, that there are limits of policy implications from an evolutionary perspective, and that there is a need for explicitly policy motivated analysis grounded in a broad evolutionary perspective. Innovation policy studies are an area in pre-paradigmatic stages whose dynamism originates from the interaction of theory, policy, and policy learning. The limited usefulness of policy implications derived directly from either conceptual or empirical analysis requires more explicitly policy focused research.

• World Technopolis Review
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• v.3 no.2
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• pp.66-77
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• 2014

This paper aims at exploring a conceptual framework of analyzing the evolutionary processes of regional economies by reconciling the notion of regional resilience and the concepts prevailing in the disciplines of evolutionary economics and geography. The resilience framework appears to offer a promising outlet with which combination of the seemingly contradictory conceptions is made possible. It can address why some regions manage to adapt to external shocks, renew themselves, or lock out themselves, while others are more locked in decline. In addition, it can also explain how the spatial organization of economic production, distribution, and consumption is transformed over time. Then, regional economic resilience, together with its accompanying vehicle of panarchy, emerges as a workable framework of explaining regional differentiation in regional economic performance and trajectories. Despite the risk of being a fuzzy concept, the resilience conception can be properly operationalized to provide policy principles of regional economic innovation adjusted to region-specific contexts.

• International Journal of Control, Automation, and Systems
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• v.2 no.2
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• pp.247-255
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• 2004

The majority of real-world problems encountered by engineers involve simultaneous optimization of competing objectives. In this case instead of single optima, there is a set of alternative trade-offs, generally known as Pareto-optimal solutions. The use of evolutionary algorithms Pareto GA, which was first introduced by Goldberg in 1989, has now become a sort of standard in solving Multiobjective Optimization Problems (MOPs). Though this approach was further developed leading to numerous applications, these applications are based on Pareto ranking and employ the use of the fitness sharing function to maintain diversity. Another scheme for solving MOPs has been presented by J. Nash to solve MOPs originated from Game Theory and Economics. Sefrioui introduced the Nash Genetic Algorithm in 1998. This approach combines genetic algorithms with Nash's idea. Another central achievement of Game Theory is the introduction of an Evolutionary Stable Strategy, introduced by Maynard Smith in 1982. In this paper, we will try to find ESS as a solution of MOPs using our game model based co-evolutionary algorithm. First, we will investigate the validity of our co-evolutionary approach to solve MOPs. That is, we will demonstrate how the evolutionary game can be embodied using co-evolutionary algorithms and also confirm whether it can reach the optimal equilibrium point of a MOP. Second, we will evaluate the effectiveness of our approach, comparing it with other methods through rigorous experiments on several MOPs.

• Journal of Technology Innovation
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• v.9 no.2
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• pp.34-55
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• 2001

With increasing globalization, a proper policy for global inter-city networking strongly required, which presumes the study on the heterogeneity among regional innovation systems. While surveying the research results of the Evolutionary Economics, 1 stress that regional systems of innovation differ in technological capacities, industrial structures, institutional arrangements and socio-cultural features. 1 make the empirical investigation based on the data of Busan and Hamburg, making clear the regional specificities among regional innovation systems. The results show that regional systems of innovation in Busan and Hamburg are quitely asymmetric. They suggest also the limitation of neo-classical assumption on the ‘homogeneous production function’ and that policy-makers in regions should make the policy for ‘global inter-cities networking’, based on perspectives of regional heterogeneity.

• Journal of the Economic Geographical Society of Korea
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• v.11 no.4
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• pp.509-526
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• 2008

This paper aims to examine the evolutionary dynamics of the Korea's footwear industry by adopting evolutionary perspectives. To explain the evolutionary dynamics of an industry, evolutionary perspectives have paid a particular attention to exploring a variety of factors for influencing the evolution of the industry, such as the selection and imitation of the firm, the mechanism of firm's entry and exit, technological characteristics and innovation processes. The majority of existing research tend to explain that the decline of the Korea's footwear industry since 1990 was mostly due to the rapid rising of wage and the structural changes in labor-intensive industries. On the contrary, this paper attempts to explain the decline of the Korea's footwear industry, in terms of the path of selection and imitation, the dominant technological paradigm, regulatory frameworks and the meso trajectory of industry evolution. This paper concludes that the decline of the Korea's footwear industry since 1990 was appeared as a result of the evolutionary selection processes of the firms in order to adapt to changes in the environment of competition and the regime of market selection in the global footwear industry.

• The Journal of Asian Finance, Economics and Business
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• v.3 no.1
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• pp.33-41
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• 2016

Essences, needs and features of formation of national innovative development model of Kazakhstan are proved on the basis of analysis of various research approaches to realization of the modernization that exist in the world economic theory. For studying the problems of innovative development of the country, there was a need for the formulation of a number of definitions, disclosure of their contents, changing the approaches to reform, as well as adjusting their targets. In the article the general scientific research methods used dialectic, abstraction, systemic and situational approach, empirical and theoretical and analytical methods, and logic modeling. The proposed approach to the implementation of innovative development based on the use of evolutionary and institutional approaches to the study of the problems of implementing an effective innovation policy. This approach is intended to contribute to the development of a forward strategy of modernization, innovative development and higher competitiveness of the national economy. The study proved the causes and features of the implementation of innovative development model in Kazakhstan.

• Journal of Technology Innovation
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• v.22 no.4
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• pp.117-143
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• 2014

Tracing an evolutionary technological trajectory in the macroscopic viewpoint is useful for technology policy, but not for corporate technology and intellectual property strategy. Tackling this issue, recent bibliometric studies using patents and papers have made efforts to identify more specific and detailed technological trajectory. However, these studies cannot go beyond simple description of the past trajectory. Also, identification of technology fusion and evolution relies on experts judgments. We suggest a way of identifying microscopic evolutionary technological trajectories by combining patent citation network analysis with dynamic technology tree. Also, using new indicators of generality, diversity and novelty, we can detect key technologies that can be a starting point of next generation technology and derivative technology. HVDC(High Voltage DC transmission) system technology is exemplified.

• Journal of Technology Innovation
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• v.12 no.1
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• pp.135-160
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• 2004

We witness now the changing techno-economic paradigm and the emerging learning economy. Reflecting on these changes, the group of Evolutionary Economists study recently the theory on regional innovation system, but their research results are still now not theoretically ‘systemized’. Moreover, they often indeed speak of the ‘social capital’, but do not investigate that. This paper tries to systemize their empirical findings and theoretical results and integrate the discussions on social capital in fields of sociology into a mathematical model. This study emphasizes the role of social capital in the innovating process.