A model of the innovation – subjective well-being (SWB) nexus is needed to advance our understanding of the welfare … implications of innovation. Building on an earlier contribution by Swann (G. M. Peter Swann, 2009, The Economics of Innovation … used as an additional indicator in the assessment of innovation, not as something to be maximised. By taking SWB into …

fundamental determinants of the patterns of innovation, the demand structure plays a crucial role in preventing the emergence of …