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An Economic Analysis of Innovation

An Economic Analysis of Innovation PDF Author: Markus Balzat
Publisher: Edward Elgar Publishing
ISBN: 9781845426163
Category : Business & Economics
Languages : en
Pages : 187

Book Description
The economic analysis of innovation is important because economic growth in highly industrialized countries and international competitiveness are driven by innovations and technological change. At the same time, marked nation-specific features exist in the structure of innovative activities and in innovative success. For the study of these national characteristics, the concept of national innovation systems constitutes a powerful and widely applied inter-disciplinary framework in modern innovation theory. This book illuminates this concept from different perspectives. Starting from fundamental conceptual and theoretical issues, it describes and discusses the main development lines of the approach of national innovation systems, and goes on to illustrate an empirical application of this branch of research, offering a new alternative for the quantitative comparative study of national innovation systems.This book will be of great interest to economists, scholars and policymakers dealing with innovation, technology, research and development, national innovation systems and international competitiveness.

An Economic Analysis of Innovation

An Economic Analysis of Innovation PDF Author: Markus Balzat
Publisher: Edward Elgar Publishing
ISBN: 9781845426163
Category : Business & Economics
Languages : en
Pages : 187

Book Description
The economic analysis of innovation is important because economic growth in highly industrialized countries and international competitiveness are driven by innovations and technological change. At the same time, marked nation-specific features exist in the structure of innovative activities and in innovative success. For the study of these national characteristics, the concept of national innovation systems constitutes a powerful and widely applied inter-disciplinary framework in modern innovation theory. This book illuminates this concept from different perspectives. Starting from fundamental conceptual and theoretical issues, it describes and discusses the main development lines of the approach of national innovation systems, and goes on to illustrate an empirical application of this branch of research, offering a new alternative for the quantitative comparative study of national innovation systems.This book will be of great interest to economists, scholars and policymakers dealing with innovation, technology, research and development, national innovation systems and international competitiveness.

Economic Analysis of Product Innovation

Economic Analysis of Product Innovation PDF Author: Manuel Trajtenberg
Publisher: Harvard University Press
ISBN: 9780674225404
Category : Business & Economics
Languages : en
Pages : 260

Book Description
One of the most striking features of contemporary industrial economies is their ability to offer an ever-expanding and improving range of products. Personal computers, tiny pacemakers, digital watches, and VCRs simply did not exist, and were not even dreamt of, only a few decades ago. Such product innovations play an increasingly important role in modern economic growth, and it is therefore imperative that economists come to grips with them, just as they have done with traditional economic phenomena. In this skillfully crafted and imaginative study, Manuel Trajtenberg develops the tools to quantify and analyze the notion of product innovation. He argues persuasively that the magnitude of an innovation should be equated with the social benefits that it generates. Drawing from the "characteristics approach" to demand theory and the econometrics of discrete choice, he presents an ingenious method to estimate the benefits from product innovations that accrue to the consumer over time. His method centers on consumer preferences for different product attributes -such as speed and size of memory in computers-and then uses those preferences to evaluate the changes in attributes. Trajtenberg applies his approach to the study of one of the most remarkable innovations in medical technology--Computed Tomography (CT) scanners. He assembled for that purpose an impressive set of data on every aspect of the new technology, from qualities and prices, patents and research, to details on virtually every sale in the United States during the decade following the introduction of CT in 1973. This close-up view of an innovation, quite rare in economic literature, offers valuable insights on the nature of the innovative process, the interaction between innovation and diffusion, the effects of uncertainty about quality, and the implications of changing preferences.

An Economic Analysis of Innovation

An Economic Analysis of Innovation PDF Author: Markus Balzat
Publisher:
ISBN: 9781781958612
Category : Technological innovations
Languages : en
Pages : 0

Book Description


Innovation Economics, Engineering and Management Handbook 1

Innovation Economics, Engineering and Management Handbook 1 PDF Author: Dimitri Uzunidis
Publisher: John Wiley & Sons
ISBN: 1119832489
Category : Business & Economics
Languages : en
Pages : 466

Book Description
Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.

Culture of Innovation

Culture of Innovation PDF Author: Hasan Bakhshi
Publisher:
ISBN: 9781848750890
Category : Arts
Languages : en
Pages : 88

Book Description
" ... the report proposes a framework for innovation that can be used by both arts funders and art organisations. It describes the rich ways that arts and cultural organisations innovate in audience reach, push out artistic frontiers and create economic and cultural value. Culture of innovation is the outcome of a novel research-led collaboration between NESTA, the National Theatre and the Tate ..." --foreword.

Entrepreneurship and Innovation

Entrepreneurship and Innovation PDF Author: Bruce A. McDaniel
Publisher: M.E. Sharpe
ISBN: 9780765635167
Category : Business & Economics
Languages : en
Pages : 292

Book Description
This is a groundbreaking economic analysis of entrepreneurship and the development process for innovation. The author strives to distinguish the role of the capitalist from that of an entrepreneur, and to show how the actions of the entrepreneur impact new employment, economic growth, and advancements in the overall standard of living. The book provides in-depth discussion of several critical concepts: the economic development of a product; Schumpeter's temporary monopoly control; the economic bounds of product and process innovations; and changing production functions. It also develops and integrates an analysis of how innovation-induced modifications in either products or processes affect both short-run and long-run average costs in production. As a special feature, each chapter includes an interview with a successful entrepreneur, and suggested readings are also provided.

Economic Analysis of the Digital Economy

Economic Analysis of the Digital Economy PDF Author: Avi Goldfarb
Publisher: University of Chicago Press
ISBN: 022620684X
Category : Business & Economics
Languages : en
Pages : 510

Book Description
There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. Economics of Digitizationidentifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop.Economics of Digitization will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.

Economics and Technological Change

Economics and Technological Change PDF Author: Rod Coombs
Publisher: Rowman & Littlefield
ISBN: 9780847675463
Category : Business & Economics
Languages : en
Pages : 318

Book Description
An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.

Innovation Economics

Innovation Economics PDF Author: Robert D. Atkinson
Publisher: Yale University Press
ISBN: 0300189117
Category : Business & Economics
Languages : en
Pages : 544

Book Description
This important book delivers a critical wake-up call: a fierce global race for innovation advantage is under way, and while other nations are making support for technology and innovation a central tenet of their economic strategies and policies, America lacks a robust innovation policy. What does this portend? Robert Atkinson and Stephen Ezell, widely respected economic thinkers, report on profound new forces that are shaping the global economy—forces that favor nations with innovation-based economies and innovation policies. Unless the United States enacts public policies to reflect this reality, Americans face the relatively lower standards of living associated with a noncompetitive national economy.The authors explore how a weak innovation economy not only contributed to the Great Recession but is delaying America's recovery from it and how innovation in the United States compares with that in other developed and developing nations. Atkinson and Ezell then lay out a detailed, pragmatic road map for America to regain its global innovation advantage by 2020, as well as maximize the global supply of innovation and promote sustainable globalization.

The Economics of Production and Innovation

The Economics of Production and Innovation PDF Author: Gerhard Rosegger
Publisher: Oxford ; New York : Pergamon Press
ISBN:
Category : Production (Economic theory)
Languages : en
Pages : 308

Book Description
The role of technology and innovation in increasing the competitiveness of firms and industries in domestic and international markets is of major concern to economists, industrial managers and public officials. The author provides an introduction into the economic analysis of production and technological change, exploring innovation, in the broadest sense, as an economic activity.