The impact of network structure on innovation efficiency: An agent‐based study in the context of innovation networks. Issue 2 (2nd August 2014)

• Record Type: Journal Article
• Authors: Hua, Lei; Wang, Wenping
• Is Part Of: Complexity. Volume 21:Issue 2(2015)
• Page Start: 111
• Page End: 122
• Publication Date: 2014-08-02
• Subjects: innovation -- network structure -- small‐world -- efficiency; Chaotic behavior in systems -- Periodicals; Complexity (Philosophy) -- Periodicals; 003
• DOI: 10.1002/cplx.21583
• Languages: English
• ISSNs: 1076-2787

Abstract

Abstract : This article investigates the impact of network structure on innovation efficiency by establishing a simulation model of innovation process in the context of innovation networks. The results indicate that short path lengths between vertices are conductive to high efficiency of explorative innovations, dense clusters are conductive to high efficiency of exploitative innovations, and high small‐worldness is conductive to high efficiency of the hybrid of these two innovations. Moreover, we discussed the reason of the results and give some suggestions to innovators and innovation policy makers. © 2014 Wiley Periodicals, Inc. Complexity 21: 111–122, 2015