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New Perspectives on Economic Growth and Technological Innovation

New Perspectives on Economic Growth and Technological Innovation
Author: F. M. Scherer
Publisher: Brookings Institution Press
Total Pages: 184
Release: 2011-10-01
Genre: Business & Economics
ISBN: 9780815796534

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A Brookings Institution Press and British-North American Committee publication Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century.


New Perspectives on Economic Development

New Perspectives on Economic Development
Author: Fu-Lai Tony Yu
Publisher: Springer Science & Business Media
Total Pages: 183
Release: 2011-04-27
Genre: Science
ISBN: 9086867162

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This book is the first of its kind to use Austrian subjectivism to analyze issues in economic development. Unlike scholars in mainstream neoclassical economics who explain economic development by quantitative growth models, this book attempts to understand economic progress in human agency perspective. In this approach, human agency is placed at the centre of economic analysis. This book begins with a review of the theories of economic development in the history of Austrian economics, with the intention of extending the contributions of major Austrian economists to development economics. After pointing out the weaknesses in the orthodox neoclassical approach to economic growth, the book then puts forward a subjectivist methodology which integrates the contributions of Max Weber, Alfred Schutz and Austrian Economists to interpret economic phenomena and policies. This chapter also serves as a methodological foundation for arguments elaborated in subsequent chapters. The rest of the book discusses important issues in economic development, namely, entrepreneurial process, national capabilities, innovation, trade, government, transition and catching up strategies for firms in latecomer economies. The book ends with concluding remarks and a proposal for a new research agenda in economic development. This book is well written, free from mathematics and is highly readable. It adds new insights not only in economics, but also in management, politics and social sciences. It will be useful to scholars, policy makers and students in economic development, entrepreneurship, theory of the firm, management of innovation, government policy, economic sociology, Austrian and evolutionary economics.


Technology and the Pursuit of Economic Growth

Technology and the Pursuit of Economic Growth
Author: David C. Mowery
Publisher: Cambridge University Press
Total Pages: 344
Release: 1991-07-26
Genre: Business & Economics
ISBN: 9780521389365

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Technology's contribution to economic growth and competitiveness has been the subject of vigorous debate in recent years. This book demonstrates the importance of a historical perspective in understanding the role of technological innovation in the economy. The authors examine key episodes and institutions in the development of the U.S. research system and in the development of the research systems of other industrial economies. They argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies. A richer framework, they believe, will support a more fruitful dialogue among economists, policymakers, and managers on the organization of public and private institutions for innovation. David Mowery is Associate Professor of Business and Public Policy at the School of Business Administration, University of California, Berkeley. Nathan S. Rosenberg is Fairleigh Dickinson Professor of Economics at Stanford University. He is the author of Inside the Black Box: Technology and Economics (CUP, 1983).


The Role of Innovation and Entrepreneurship in Economic Growth

The Role of Innovation and Entrepreneurship in Economic Growth
Author: Michael J Andrews
Publisher: University of Chicago Press
Total Pages: 633
Release: 2022-03-17
Genre: Business & Economics
ISBN: 022681078X

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"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"--


Technological Innovation and Economic Performance

Technological Innovation and Economic Performance
Author: Benn Steil
Publisher: Princeton University Press
Total Pages: 492
Release: 2002-02-03
Genre: Business & Economics
ISBN: 9780691090917

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Commissioned and brought tohgether for the research project by the world-renowned Council on Foreign Relations, the authors have produced an important compendia in applied economics.


Economic Growth

Economic Growth
Author: Tai-Yoo Kim
Publisher: Springer Science & Business Media
Total Pages: 342
Release: 2013-11-29
Genre: Business & Economics
ISBN: 3642408265

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This book shows that the existing theories on economic growth have clear limitations in terms of how much they can effectively contribute to actual economic growth. Therefore, this book presents a more effective theory on economic growth for countries and leaders looking to promote economic growth. It is essentially centered around the theory of economic growth and theory of national development, written for agricultural developing countries pursuing industrialization and late-starting industrialized countries pursuing their own development. Nevertheless, it also makes a significant contribution to the very development of human civilization through the growth of developing countries, late-starting industrialized countries and early industrialized countries throughout the world.


Industrial Dynamics, Innovation Policy, and Economic Growth Through Technological Advancements

Industrial Dynamics, Innovation Policy, and Economic Growth Through Technological Advancements
Author: I. Hakan Yetkiner
Publisher:
Total Pages: 0
Release: 2013
Genre: Diffusion of innovations
ISBN: 9781466619784

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"This book examines the nature of the process of technological change in different sectors of various countries, analyzing the impact of innovation as well as research and development activities on different outcomes in different fields and assessing the design and impact of policies aimed at enhancing innovation in organizations"--Provided by publisher.


The Digital Innovation Race

The Digital Innovation Race
Author: Cecilia Rikap
Publisher: Springer Nature
Total Pages: 207
Release: 2021-12-09
Genre: Business & Economics
ISBN: 3030894436

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This book develops new theoretical perspectives on the economics and politics of innovation and knowledge in order to capture new trends in modern capitalism. It shows how giant corporations establish themselves as intellectual monopolies and how each of them builds and controls its own corporate innovation system. It presents an analysis of a new form of production where Google, Amazon, Facebook, Apple and Microsoft, and their counterparts in China, extract value and appropriate intellectual rents through privileged access to AI algorithms trained by data from organizations and individuals all around the world. These companies’ specific form of production and rent-seeking takes place at the global level and challenges national governments trying to regulate intellectual monopolies and attempting to build stronger national innovation systems. It is within this context that the authors provide new insights on the complex interplay between corporate and national innovation systems by looking at the US-China conflict, understood as a struggle for global technological supremacy. The book ends with alternative scenarios of global governance and advances policy recommendations as well as calls for social activism. This book will be of interest to students, academics and practitioners (both from national states and international organizations) and professionals working on innovation, digital capitalism and related topics.


Innovation and Economic Development

Innovation and Economic Development
Author: Mario Cimoli
Publisher: Edward Elgar Publishing
Total Pages: 289
Release: 2010-01-01
Genre: Computers
ISBN: 1849806551

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This book is the fruit of the research ECLAC has amassed, with ten chapters detailing the great strides that have been made of late in ICT. A distinguishing feature of this book is its multi-disciplinary approach to measuring the economic effects of these technologies, which incorporates the neo-classical growth accounting approach and the evolutionarystructuralistapproach. These approaches are noteworthy because, much like the primary message of ECLAC, they exemplify the pivotal importance of technical progress, productivity and structural transformation in economic growth. Innovation and Economic Development identifies several opportunities and challenges for bringing about a more dynamic role of ICT in the process of structural change and productivity growth and contends that accelerating the adoption and efficient use of ICT is essential to any strategy for further success.


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.