This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements in modern economies - including perspectives on green...

This book finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation....

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is...

This comprehensive book responds to the growing demand to study entrepreneurship as a key driver of innovation and competitive advantage. Challenging the existing idea that technological entrepreneurship exists predominantly in SMEs and as a result of market demands, the author argues that a...

The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations...

This book reveals how open innovation utilizes the developing circle of business models to establish new ones that define a unique link between technology and markets, focusing on how to develop and maintain successful business models. It draws readers into the philosophy and economic effects of...

Introduction -- Schumpeter's Core Works Revisited -- Back to Engel?- Technological Regimes and Demand Structure in the Evolution of the Pharmaceutical Industry -- Innovation and Demand in Industry Dynamics -- Production and Financial Linkages in Inter-Firm Networks -- Does History Matter?-...

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

This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological...

Technologieorientierte Unternehmen entwickeln und vermarkten innovative Produkte und Leistungen und spielen eine wichtige Rolle im volkswirtschaftlichen Strukturwandel. Ihre Gründung und ihr Aufbau sind mit einem hohen Kapitalbedarf verbunden, und die Frage der Finanzierung ist bereits im...