What is a disruptive innovation? This study confronts this question here by presenting different approaches, which endeavor to explain the dynamic behavior of disruptive technologies in competitive markets. Firstly, this study introduces destructive technology as a radical innovation, based on...

This study suggests a new concept of technology that is a main element of the system of technological change in society: killer or disruptive technology is a based on new products and/or processes that destroys the usage of established products/processes sold and used. The behavior of killer...

The theorem of not independence of any technological innovation states that in the long run, the behavior and evolution of any technological innovation is not independent from the behavior and evolution of the other technological innovations. The philosophical foundations of this theory are...

The crisis of international markets following recent events such as terrorist attacks, wars in the Middle East, high public debts, growing financial globalisation and integration have raised an interest in the analysis of country risk among industrialised countries as well as emerging nations....

John Rae has recently been rediscovered as a precursor of the endogenous growth theory. This study argues that Rae needs to be rediscovered a second time for his original contribution to clarify the role of the innovation and technical change within the economic systems. The aim of this paper is...

This essay here has two goals. The first is to clarify, whenever possible, the sources of Long Waves (LWs) or Kondratieff Waves (K-waves). The second is to show that the wars can be one of principal sources of path-breaking technologies that support Long Waves for the technological, economic and...

Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interaction with sub-systems and other systems, considering technical choices, technical requirements and science advances, which generate new and/or improved products or processes for use or consumption...

A fundamental problem in the field of the economics of innovation is how to explain the sources of path-breaking innovations that support the human development and socioeconomic progress in complex societies. The study here confronts this problem by developing the theoretical framework of global...

The purpose of this study is to analyse the relationship between geo-climate zones of the globe and innovative outputs in order to detect favourable mechanisms that can foster high technological change. Empirical analysis shows that geographical areas with tepid latitudes have higher levels of...

The purpose of this paper is to analyze the relationship between democracy and technological innovation. The primary findings are that most free countries, measured with liberal, participatory, and constitutional democracy index, have higher technological innovation than less free and more...