The Effect of the Dynamics of Knowledge Base Complexity on Schumpeterian patterns of Innovation: the upstream petroleum industry

Maleki, Ali; Rosiello, Alessandr and Wield, David (2016). The Effect of the Dynamics of Knowledge Base Complexity on Schumpeterian patterns of Innovation: the upstream petroleum industry. Innogen Institute, University of Edinburgh.

Abstract

This paper addresses important changes in innovation patterns in the upstream petroleum industry over the period from the 1970s to 2005. It argues that the shifts in patterns of innovation over that period can be explained by the dynamics of knowledge base complexity (KBC). We develop a quantitative method to explore KBC and show that increasing KBC has shifted innovation patterns, from a broadly Schumpeter Mark I to a 'modified' form of Schumpeter Mark II, led less by the established oil majors, but by a new class of integrated service providers.

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