2011/10 | LEM Working Paper Series | |
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The co-evolution of sectoral regulation and technological innovation: the case of detergents industry in Europe |
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Evita Paraskevopoulou |
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Keywords | ||
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regulation, technological innovation, private-public interactions
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Abstract | ||
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This paper contributes to research addressing interrelationships
between technological and policy changes by exploring the co-evolution
of sectoral regulation and technological innovation in the detergents
industry in Europe. We view as regulation an endogenously created
institution that evolves over time and in alignment with other
socioeconomic factors, among which we focus on technological
change. We argue that the innovation and regulation processes are
evolutionary processes that interact overtime and their co-evolution
is facilitated by knowledgeable and purposeful agents who wish to
influence their institutional environment. Given our empirical context
we find that the opportunity provided to private actors to participate
in the policy process, share information and collaborate, contributes
to the improvement of their knowledge. In turn, improved knowledge
increases the innovative potential of actors while it builds their
bargaining power and increases the possibilities private actors have
to influence their institutional environment. Favorable institutional
conditions have been recognized as a factor conductive to innovation
and in this sense, we can witness a circular and interactive
relationship between the regulatory and innovation process.
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