1.

Record Nr.

UNINA9910298547803321

Autore

Sengupta Jati

Titolo

Theory of Innovation : A New Paradigm of Growth / / by Jati Sengupta

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2014

ISBN

3-319-02183-4

Edizione

[1st ed. 2014.]

Descrizione fisica

1 online resource (161 p.)

Disciplina

330

330.1

338.9

338926

Soggetti

Economic growth

Economic policy

Economic theory

Economic Growth

R & D/Technology Policy

Economic Theory/Quantitative Economics/Mathematical Methods

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents -- Theory of Innovation -- Innovation Models -- Schumpeterian Innovation -- Endogenous Innovation -- Innovation Diversity: Industry Applications -- Innovation Challenges -- Managing Innovation -- References.

Sommario/riassunto

The current economic theory of innovation mainly analyses the technology factor and its impact on economic growth. In today's world, growth in information technology and knowledge of new ideas has altered the business paradigm dramatically. Modern economies have undergone a dynamic shift from material manufacturing to a new information technology model with research and development (R&D) and human capital. Through information and communications technology efficient information usage has achieved substantial productivity gains through learning by doing and incremental innovations. The present volume discusses this new paradigm in terms



of both theory and industry applications, including Schumpeter in his innovation model and the emphasis on new innovations replacing the old. Growth of business networking and R&D consortium have dramatically helped the modern business to reduce their unit costs and improve efficiency. This volume presents some new models emphasizing knowledge sharing and R&D cooperation. Rapid growth in recent times in some south Asian countries have been cited as growth miracles are largely caused by knowledge spillover and learning by doing, and this volume also investigates the role of incremental innovations. With a strong focus and extension of the current theory of innovation and industry growth experiences of both the US and Asian countries, this book will be of interest to MBA and graduate students in economics, innovation management, and applied industrial economics.