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Capabilities, Innovation and Economic Growth

Capabilities, Innovation and Economic Growth
Author: Michele Capriati
Publisher: Routledge
Total Pages: 251
Release: 2017-07-28
Genre: Business & Economics
ISBN: 131751291X

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The question of whether we can foster growth and innovation while promoting individual freedoms poses a challenge for everyone studying and working on innovation and development policies. Whilst innovation literature is largely dominated by a focus on efficiency, development literature tends to focus on equality and pays less attention to mechanisms fostering economic and social change. This book aims to move beyond these barriers and to identify development policies that foster both efficiency and equality, exploring the connection between innovation policies and the improvement of individual freedoms. Capabilities, Innovation and Economic Growth argues that we can answer these questions by focusing on the relation between Amartya Sen's human development approach and the Neo-Schumpeterian analysis of innovation systems. After considering the connections between the two schools of thought and the way they enrich each other's perspectives, chapters go on to show how policy can support virtuous circles in which innovation, human development and economic growth interact and mutually reinforce each other. This is undertaken through the descriptive analysis and the empirical testing of a sample of nations and European regions. The volume concludes with an exploration of the contribution that the capabilities approach can give to the design of innovation policy, and with the analysis of macroeconomic policies favorable to innovation and human development. This will be essential reading for: students and academic economists interested in development, growth and innovation; policy makers and officers in charge of defining development and innovation plans at national and regional level; and consultants and managers in development agencies implementing innovation and development projects.


Innovation Capabilities and Economic Development in Open Economies

Innovation Capabilities and Economic Development in Open Economies
Author: Vanessa Casadella
Publisher: John Wiley & Sons
Total Pages: 144
Release: 2015-10-02
Genre: Technology & Engineering
ISBN: 1119185513

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The innovation capacity-building can contribute to improve the integration of developing countries in the world economy. The economic development has been a much discussed subject of the period after the Second World War until the 1990s. After the implementation of a global regulation system for trade and capital flows in the 1990s, the development economics has almost disappeared in favor of different theories on globalization, on finance and on international trade. The purpose of this book is to show that the innovation capacity building in developing countries is necessary to improve their weight in the world economy and to facilitate their economic ties with northern countries. However, there are important difficulties due to the lack of proactive economic policies. Our aim is to contribute to the revival of the development economics. The issue of improving the well-being of the world population as a whole is highly topical. However, studies neglect the need to give economic, financial, technological and political resources to developing countries to promote their own development. One of the most important means is to strengthen their innovation capabilities that allow them to better integrate into the world economy.


Entrepreneurship and Economic Development

Entrepreneurship and Economic Development
Author: Wim Naudé
Publisher: Springer
Total Pages: 384
Release: 2010-12-08
Genre: Business & Economics
ISBN: 0230295150

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Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.


Science and Innovation as Strategic Tools for Industrial and Economic Growth

Science and Innovation as Strategic Tools for Industrial and Economic Growth
Author: C. Corsi
Publisher: Springer Science & Business Media
Total Pages: 179
Release: 2012-12-06
Genre: Political Science
ISBN: 9400901992

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The great, complex and rapid change happening in fonner Soviet Union is overfloading an impressive impact on the western world, especially Europe, and, in the close future, on the global world. Most of this change is generating positive effects and even more optimistic expectations, but surely the difficulties to support and to render these results real and longlasting cannot be underestimated . In fact, difficulties in the adaptation, especially of the most important Countries capabilities, like R&D process and Innovation development and transfer, are being evidenced in the transitional period to completely new socio-economic and political conditions. For the above reasons various Conferences and Meetings have been organised on international base, most of them taking care of identifying and developing recommendations for improving organisation of Science in East Europe and reshaping the research in Science and Technology in the context of new socio-economic conditions. These efforts were mainly confined to scientific research that was considered one of the most important wealth's of Soviet Union, giving not specific attention to the strategic importance of Science and, even more, Innovation for industrial and socio-economic growth in the new N.I.S. Countries. Furthennore, the impressive speed of change in Innovation on the global market coupled to the enonnous change realised by N.I.S. Countries, especially by the leader Russia, is accelerating the need of an operating solution capable of linking these Countries with the Western World, rules and market, starting from Europe.


R&D, Innovation, and Economic Growth

R&D, Innovation, and Economic Growth
Author: Hulya Ulku
Publisher:
Total Pages: 0
Release: 2015
Genre:
ISBN:

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This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and uses patent and R&D data for 20 OECD and 10 Non-OECD countries for the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non-OECD countries, while the effect of R&D stock on innovation is significant only in the OECD countries with large markets. Although these results provide support for endogenous growth models, there is no evidence for constant returns to innovation in terms of R&D, implying that innovation does not lead to permanent increases in economic growth. However, these results do not necessarily suggest a rejection of R&D based growth models, given that neither patent nor R&D data capture the full range of innovation and R&D activities.


The Challenges of Technology and Economic Catch-Up in Emerging Economies

The Challenges of Technology and Economic Catch-Up in Emerging Economies
Author: Jeong-Dong Lee
Publisher: Oxford University Press
Total Pages: 517
Release: 2021
Genre: Business & Economics
ISBN: 0192896040

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This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Innovation is a pivotal driving force behind economic growth. Technological capability deepens and diversifies industrial activity, which fundamentally enhances growth potential. Consequently, failure to build effective technological capability can lead to slow long-term economic growth. This book synthesizes and interprets existing knowledge on technology upgrading failures in order to better understand the challenges of technology upgrading in emerging economies. The objective is to bring together diverse evidence on three major dimensions of technology upgrading: paths of technology upgrading, structural changes in the nature of technology upgrading, and the issues of technology transfer and technology upgrading. Knowledge on these three dimensions is synthesized at the firm, sector, and macro levels across different countries and world macroregions. Compared to the challenges and uncertainties facing emerging economies, our understanding of technology upgrading is sparse, unsystematic, and scattered. The recent growth slowdown in many emerging economies, often known as the middle-income trap, has reinforced the importance of understanding the technology upgrading challenges they experience. While our understanding of these issues from the 1980s and 1990s is relatively more systematised, the more recent changes that took place during the globalization and proliferation of global value chains, and the effects of the 2008 financial crisis, have not been explored and compared synthetically. The current effects of COVID-19, geopolitical struggles, and the growing concern around environmental sustainability add significant complexity to an already problematic situation. The time is ripe to take stock of our existing knowledge on processes of technology upgrading in emerging economies and make further inroads in research on this crucial issue.


Innovation and Economic Development

Innovation and Economic Development
Author: Lynn Krieger Mytelka
Publisher: Edward Elgar Publishing
Total Pages: 632
Release: 2007
Genre: Business & Economics
ISBN:

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Provides a theoretical foundation in innovation systems, processes, institutions and policies from the perspective of developing countries. This book covers the topics of capacity building, learning, industrial development, agricultural innovation and sustainable development.


Dynamic Capabilities and Strategic Management

Dynamic Capabilities and Strategic Management
Author: David J. Teece
Publisher: OUP Oxford
Total Pages: 300
Release: 2009-03-26
Genre: Business & Economics
ISBN: 0191562726

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How do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines, organizational structures, and disciplines that enable firms to build, employ, and orchestrate intangible assets relevant to satisfying customer needs, and which cannot be readily replicated by competitors. Enterprises with strong dynamic capabilities are intensely entrepreneurial. They not only adapt to business ecosystems; they also shape them through innovation, collaboration, learning, and involvement. David Teece was the pioneer of the dynamic capabilities perspective. It is grounded in 25 years of his research, teaching, and consultancy. His ideas have been influential in business strategy, management, and economics, and are relevant to innovation, technology management, and competition policy. Through his consultancy and advisory work he has also brought these ideas to bear in business and policy making around the world. This book is the clearest and most succinct statement of the core ideas of dynamic capabilities. Teece explains their genesis, application, and how they offer an alternative approach to much conventional strategic thinking grounded in simplistic and outdated understandings of industrial organizations and the foundations of competitive advantage. Accessibly written and presented, it will be an invaluable and stimulating tool for all those who want to understand this important contribution to strategic thinking, be they MBA students, academics, managers, or consultants.


Learning, Capability Building and Innovation for Development

Learning, Capability Building and Innovation for Development
Author: G. Dutrénit
Publisher: Springer
Total Pages: 483
Release: 2013-08-22
Genre: Social Science
ISBN: 1137306939

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Today, a large number of scholars studying development understand this process as involving learning and capability building. Capability building is an active, not a passive, process. It requires a purposeful effort from the learner's side, with support and commitment on allocation of time and resources toward learning activities. This process implies the possibility of failure as well as success, as we also learn from failures. A global cast of academics and policy makers examines economic development as a process of learning and technological accumulation, showing how economic development is a process involving creative destruction. While markets and market competition play major roles in structuring the development process, non-market institutions and government policies matter.


Strategic Management in the Innovation Economy

Strategic Management in the Innovation Economy
Author: Thomas H. Davenport
Publisher: John Wiley & Sons
Total Pages: 441
Release: 2007-06-27
Genre: Business & Economics
ISBN: 3895786039

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Innovative ruptures of traditional boundaries in value chains are requiring companies to rethink how they go to market, what they need to own, what they need to retain and innovate as core competencies, and how they innovatively deal with suppliers and customers. The key message of the book is that the new knowledge-networked innovation economy requires a totally different strategic management mindset, approach and toolbox, and its major value-added is a new strategic management approach and toolbox for the innovation economy - a poised strategy approach. Designed for both managers and advanced business students, the book provides a unique combination of new management theory, selected managerial articles by prominent scholars such as Clayton Christensen, Henry Chesbrough, Sumantra Ghoshal, Quinn Mills, and Peter Senge, and a wide array of real-world case examples including GE, Shell, IBM, HP, BRL Hardy, P&G, Southwest Airlines and McGraw-Hill, within the dynamics of industries such as airlines, energy, telecommunications, wine & beverages, and computing. The authors illustrate powerful new strategic innovation concepts and tools, such as poised strategy for managing multiple business models, poised strategy scorecards (moving beyond the well-known balanced scorecard), the wheel of business model reinvention, and organizational rejuvenation methods. The book includes the concepts of: Poised Strategic Management, Organizational Rejuvenation, Business Models as Platform for Strategy, Poised Scorecards, Identifying Sources of Innovation in Business Ecosystems.