Innovation Dynamism And Economic Growth

Author : Masaaki Hirooka
Publisher : Edward Elgar Publishing
ISBN 13 : 1845428862
Total Pages : 448 pages
Book Rating : 4.60/5 ( download)

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Download or read book Innovation Dynamism and Economic Growth written by Masaaki Hirooka and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: I think this book is a great achievement. It is packed with useful information and thought-provoking analysis and discussion. The work on technological development is, especially, a very valuable original contribution to the work in this field. The book illuminates the technological trajectory so often ignored by economists, but which underlies Schumpeter s "clusters" of innovations, and the emphasis on trunk innovations and analysis of their role is of particular interest. Christopher Freeman, SPRU Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands This pathbreaking book addresses the economics of technological change as revealed by a unique methodology that uncovers the true nature of technological development. Masaaki Hirooka bases this new approach to the economics of technological change on the recognition of the nonlinear dynamic nature of innovation. In order to provide a richer understanding of technological development, the book focuses on the period of innovation prior to market launch, grounding the analysis within a distinct innovation paradigm. This is expressed using three logistic trajectories technology, development and diffusion which make it possible to interpret and better understand technology foresight, infrastructure formation, long business cycles and national innovation systems. The author emphasizes the importance of the timing of innovation commitment, knowledge transfer between and within these trajectories, and the evolutionary character of innovation. Those with an interest in economics, macroeconomics, technological change and evolutionary economics will find this book to be a highly stimulating and fascinating read.

Author : Edmund S. Phelps
Publisher : Harvard University Press
ISBN 13 : 0674244699
Total Pages : 257 pages
Book Rating : 4.96/5 ( download)

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Download or read book Dynamism written by Edmund S. Phelps and published by Harvard University Press. This book was released on 2020-05-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in particular individualism and self-expression. Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on. Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore. The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.

Author : Michael J Andrews
Publisher : University of Chicago Press
ISBN 13 : 022681078X
Total Pages : 633 pages
Book Rating : 4.82/5 ( download)

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Download or read book The Role of Innovation and Entrepreneurship in Economic Growth written by Michael J Andrews and published by University of Chicago Press. This book was released on 2022-03-17 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--

Author : Edmund Phelps
Publisher : Harvard University Press
ISBN 13 : 0674246667
Total Pages : 257 pages
Book Rating : 4.69/5 ( download)

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Download or read book Dynamism written by Edmund Phelps and published by Harvard University Press. This book was released on 2020-05-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in particular individualism and self-expression. Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on. Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore. The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.

Author : Edmund S. Phelps
Publisher :
ISBN 13 : 9780674246683
Total Pages : pages
Book Rating : 4.83/5 ( download)

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Download or read book Dynamism written by Edmund S. Phelps and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Michael J Andrews
Publisher : University of Chicago Press
ISBN 13 : 022681064X
Total Pages : 633 pages
Book Rating : 4.45/5 ( download)

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Download or read book The Role of Innovation and Entrepreneurship in Economic Growth written by Michael J Andrews and published by University of Chicago Press. This book was released on 2022-03-17 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents studies from experts in twelve industries, providing insights into the future role of innovation and entrepreneurship in driving economic growth across sectors. We live in an era in which innovation and entrepreneurship seem ubiquitous, particularly in regions like Silicon Valley, Boston, and the Research Triangle Park. But many metrics of economic growth, such as productivity growth and business dynamism, have been at best modest in recent years. The resolution of this apparent paradox is dramatic heterogeneity across sectors, with some industries seeing robust innovation and entrepreneurship and others seeing stagnation. By construction, the impact of innovation and entrepreneurship on overall economic performance is the cumulative impact of their effects on individual sectors. Understanding the potential for growth in the aggregate economy depends, therefore, on understanding the sector-by-sector potential for growth. This insight motivates the twelve studies of different sectors that are presented in this volume. Each study identifies specific productivity improvements enabled by innovation and entrepreneurship, for example as a result of new production technologies, increased competition, or new organizational forms. These twelve studies, along with three synthetic chapters, provide new insights on the sectoral patterns and concentration of the contributions of innovation and entrepreneurship to economic growth.

Author : Peter Nijkamp
Publisher : Springer Science & Business Media
ISBN 13 : 3642149650
Total Pages : 378 pages
Book Rating : 4.58/5 ( download)

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Download or read book Innovation, Growth and Competitiveness written by Peter Nijkamp and published by Springer Science & Business Media. This book was released on 2010-12-01 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates dynamic regions in the context of greater global interaction in a world economy increasingly driven by knowledge and innovation. It offers novel empirical evidence on the underlying factors of the growth performance of these spaces. In particular, the following questions are addressed: What role is there for research, education and innovation in the development strategies of the dynamic growth regions? What are the risks and consequences of dynamic growth on patterns of world growth and development, competitiveness, inequalities, and convergence? What development strategies should be promoted at national and international levels to promote a growing and more sustainable world economy? What are the implications of the emerging new competitors for Europe’s competitiveness? Using an innovative, integrated framework of analysis, the contributions in this book combine a wide array of complex theoretical and methodological approaches.

Author : Paul J.J. Welfens
Publisher : Springer Science & Business Media
ISBN 13 : 3662038137
Total Pages : 214 pages
Book Rating : 4.30/5 ( download)

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Download or read book Globalization, Economic Growth and Innovation Dynamics written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

Author : Elias G. Carayannis
Publisher : Springer Nature
ISBN 13 : 303014903X
Total Pages : 191 pages
Book Rating : 4.31/5 ( download)

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Download or read book Culture, Innovation, and Growth Dynamics written by Elias G. Carayannis and published by Springer Nature. This book was released on 2021-10-04 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that ideas in the social realm are the context-bound products of distinct histories and cultures and thus cannot be co-opted across place and time. When ideas are used out of context, they become mere empty words that are depicted as absolute ideals, independent of the specific historical circumstances in which they were conceived. Therefore, highly ideologically guidelines based on one-size-fits-all principles are doomed to fail. The book emphasizes that the dominant Western intellectual paradigm has not improved human society in either Western or non-Western parts of the world. Some of the book's objectives are to rethink the dominant paradigm and invent a new world. We face an existential crisis that requires a new vision of the world and its well-being: one that is more inclusive and attentive to the diversity of people, histories, and cultures. We must remember that diversity in beliefs and values is the very essence of our humanity. This seminal work is essential reading for researchers of economic growth and development, political science, and innovation.

Author : Enrico Santarelli
Publisher : Springer Science & Business Media
ISBN 13 : 0387323147
Total Pages : 298 pages
Book Rating : 4.45/5 ( download)

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Download or read book Entrepreneurship, Growth, and Innovation written by Enrico Santarelli and published by Springer Science & Business Media. This book was released on 2006-06-15 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship, Growth and Innovation provides comprehensive insight into the economics of entrepreneurship, claiming that this recently established discipline should establish a framework of analysis that integrates the understanding of the determinants and the effects of both entrepreneurship and innovation without neglecting the functioning of the inducement mechanisms. For this purpose, the book combines theoretical prescriptions and international empirical evidence. Contributions by some of the best known scholars in the field of the economics of entrepreneurship and innovation investigate whether the interrelationships between the forces that affect firm and industry dynamics and ultimately determine economic growth are subject to change across countries and over time. The analysis of different national cases puts forward that the relationship between entrepreneurship and growth via innovation is shaped by the context of country-specific institutions and industries, thereby providing hints for industrial and innovation policy.