Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 21: Titanium Implants – A Comparison of a Swedish and an Ohio Firm

Ann-Charlotte Fridh ()
Additional contact information
Ann-Charlotte Fridh: The Ratio Institute, Postal: P.O. Box 5095, SE-102 42 Stockholm, Sweden

Abstract: Two firms in the health care market are studied in a case study of the introduction of two almost identical innovations. The two firms, both in the titanium implant business have been chosen so that they match when it comes to origin, technology and customers. But the diffusion occurred in two different (institutional) environments, the Swedish and the US. The whole process from invention to innovation and diffusion in the market is studied. The analysis takes its starting point in competence bloc theory (a Schumpeterian theory). We find that the institutional environment is crucial for firm growth.

Keywords: invention; innovation; institutional environment; titanium implants

JEL-codes: I11; L65

35 pages, April 15, 2003

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