How institutional arrangements in the National Innovation System affect industrial competitiveness: A study of Japan and the U.S. with multiagent simulation
We build an agent model of the U.S. and Japan's (JP's) National Innovation System (NIS). We explore dynamics in the Japanese and U.S. National Innovation Systems. The JP NIS benefits industries where frequent incremental innovation is required. The U.S. NIS is advantageous in industries where frequent radical innovation is required. We derive implications for Japanese policymakers and firms.