There are obvious gaps between long-term change of economic structure and its principle driving force – technological progress. History has shown the influence of technological progress on economy and current insights in technological development can almost foresee the coming technological waves in next 50 years, but their possible impacts on economy are not yet assessed. In this paper, we defi...

This paper investigates the determinants of technological diversification among UK’s small serial innovators (SSIs). Using a longitudinal study of 339 UK-based small businesses accounting for almost 7000 patents between 1990 and 2006, this study constitutes the first empirical examination of technological diversification among SMEs in the literature. Results demonstrate that technological diver...

Advancement of the motor vehicle and its production methods is analyzed as a process of technological change. In a broader context, motor vehicles evolved as an integral component of road transportation through a series of interlaced substitutions of old by new technologies. Building on a large number of studies that described technological substitution processes, first it is shown how new ener...