000130654 001__ 130654 000130654 005__ 20240207145453.0 000130654 0247_ $$2doi$$a10.1080/10438599.2017.1356045 000130654 0248_ $$2sideral$$a105295 000130654 037__ $$aART-2018-105295 000130654 041__ $$aeng 000130654 100__ $$0(orcid)0000-0003-3766-9157$$aAlmudi, I.$$uUniversidad de Zaragoza 000130654 245__ $$aAbsorptive capacity of demand in sports innovation 000130654 260__ $$c2018 000130654 5060_ $$aAccess copy available to the general public$$fUnrestricted 000130654 5203_ $$aWe propose a stylized and tractable neo-Schumpeterian model of sectorial transformations in which demand-side knowledge constraints inhibit innovation diffusion and industrial change, causing structural instability. Evolutionary competition in the model implies that innovation can overshoot the absorptive capacity of demand, leading to a slowdown in sectorial dynamism and even to structural collapse. Closed-form analytical results prove the existence of a unique stationary state in the dynamic model that is (globally) asymptotically stable. We show how the dynamic paths and the stationary rest-point depend on the trade-off between innovation and demand absorptive capacity parameters. To illustrate the plausibility and relevance of our results, we examine the Australian windsurfing industry in which diminished demand absorptive capacity (in the terms of the model) was a factor underlying sectoral collapse. We discuss how development of absorptive capacity of demand presents a collective action problem for an industry sector, and the role of demand-side factors as constraints in industry and innovation policy. 000130654 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000130654 590__ $$a1.529$$b2018 000130654 591__ $$aECONOMICS$$b143 / 363 = 0.394$$c2018$$dQ2$$eT2 000130654 592__ $$a0.753$$b2018 000130654 593__ $$aManagement of Technology and Innovation$$c2018$$dQ1 000130654 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2018$$dQ1 000130654 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000130654 700__ $$0(orcid)0000-0002-1246-6751$$aFatas-Villafranca, F.$$uUniversidad de Zaragoza 000130654 700__ $$aPotts, J. 000130654 700__ $$aThomas, S. 000130654 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000130654 773__ $$g27, 4 (2018), 328-342$$pEcon. innov. new technol.$$tEconomics of innovation and new technology$$x1043-8599 000130654 8564_ $$s865355$$uhttps://zaguan.unizar.es/record/130654/files/texto_completo.pdf$$yPostprint 000130654 8564_ $$s1232662$$uhttps://zaguan.unizar.es/record/130654/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000130654 909CO $$ooai:zaguan.unizar.es:130654$$particulos$$pdriver 000130654 951__ $$a2024-02-07-14:51:30 000130654 980__ $$aARTICLE