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date: 09 July 2020

Abstract and Keywords

Over the past fifty years, the literature on the nature of innovation has expanded tremendously. To help guide our understanding of this complex and evolving area, this article reviews some of the core stylized facts of innovation studies, offering insights into the sources of new products, processes, and solutions in the economic system. The article highlights the combinatorial and relational character of innovation, as well as its uneven pace and distribution over time, space, and industries. It suggests a range of issues challenging some elements long thought core to innovation studies, highlighting these as fruitful avenues for future research.

Keywords: Innovation studies, innovation, new combinations, stylized facts

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