Working Paper No. 1306

Collaborative Innovation Blocs and Antifragility

Published: November 20, 2019, revised December, 2019Pages: 27Keywords: Evolutionary economics; Institutional Economics; Entrepreneurship; Innovation; Institutions JEL-codes: D20; G32; L23; L26; O33

Collaborative Innovation Blocs and Antifragility Niklas Elert and Magnus Henrekson


We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time.

We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive, especially regarding policy prescriptions. Such policy actions should strive to improve the antifragility of CIBs and the economic system as a whole, thus enabling individual CIBs and the broader economic system to thrive when faced with macroeconomic shocks.

With this in mind, we develop heuristics to evaluate antifragility at the micro, meso, and macro levels before identifying a set of institutional areas where reform can be undertaken to improve antifragility.

 

Niklas Elert

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Ph: +46 8 665 4583
niklas.elert@ifn.se

Magnus Henrekson

Contact

Ph: +46 (0)8 665 4502
magnus.henrekson@ifn.se

Interdisciplinary European Studies

The European Union in a Changing World Order

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This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

About the book

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