Search results
Results from the WOW.Com Content Network
Innovation economists believe that what primarily drives economic growth in today's knowledge-based economy is not capital accumulation as neoclassical economics asserts, but innovative capacity spurred by appropriable knowledge and technological externalities. Economic growth in innovation economics is the end-product of: [5] [6]
Mariana Francesca Mazzucato (born June 16, 1968 [1]) is an Italian–American-British economist and academic.She is a professor in the Economics of Innovation and Public Value at University College London (UCL) and founding director of the UCL Institute for Innovation and Public Purpose (IIPP).
Neo-Schumpeterian economics is a school of thought that places technological innovation at the core of economic growth and transformation processes. It is inspired by the work of Joseph Schumpeter who coined the term creative destruction for the continuous introduction of technological change that drives growth by replacing old, less productive structures with new, more productive ones.
The pro-innovation bias, in particular, implies that all innovation is positive and that all innovations should be adopted. [1] Cultural traditions and beliefs can be consumed by another culture's through diffusion, which can impose significant costs on a group of people. [ 91 ]
The economics surrounding a single patent, or group of patents, revolves around the balance between the expense of maintaining the patent(s), and the income derived from owning that/those patents. [7] Similarly the economics of whether to seek a patent present similar concerns with the added up-front costs of obtaining the patent.
Perez underscores the importance of a balanced relationship between these two forms of capital, with financial capital enabling early-stage innovation and production capital ensuring sustained, widespread economic and potential social progress in the later stages of a techno-economic paradigm. [5]
The Linear Model of Innovation was an early model designed to understand the relationship of science and technology that begins with basic research that flows into applied research, development and diffusion [1] It posits scientific research as the basis of innovation which eventually leads to economic growth. [2]
Download as PDF; Printable version; ... Pages in category "Innovation economics" ... Triple helix model of innovation; U.