The article describes and analyzes the innovative concept of food security policy and presents theoretical microeconomic model of food security by Abdulai (2000) that explains individuals’ demand for food ingredients. The literature review involves both direct and indirect policy measures that...

The U.S – China technology and geopolitical rivalry culminating a trade war, the banning of Huawei from America’s technology infrastructure as well as retaliatory tariffs hold grave implications for the global economy. In this fast-changing geopolitical context, China has risen in innovation...

Although many economists do a serious and respectable work, main stream economic theory contains an almost complete disregard for the importance of social, cultural and political structures which are the very foundation of the society. Worse than that, such disregard is developed into arrogance...

Bei der Analyse der rückläufigen Innovations- und Wachstumsdynamik moderner Volkswirtschaften lassen sich neben ökonomischen Ursachen auch kulturelle bzw. ethische Einflussfaktoren feststellen. Edmund Phelps hat in seiner Theorie zur Innovationsfähigkeit der Marktwirtschaft die Bedeutung...

We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and...

This paper is devoted to the analysis of evolution of innovation concepts, aspect and types. First emergence and evolution of different aspects and concepts of innovation are analysed, then the development of innovation concepts from a historical perspective and finally an overview given of...

Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We...

Abstract: Drawing on McCraw's (2007) biography, this paper assesses the character of Joseph Schumpeter. After a biographical summary of Schumpeter's life and career as an economist, the paper considers a thread of deliberate posturing and pretense in Schumpeter's grandiose ambitions and claims...

We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and...

Bei der Analyse der rückläufigen Innovations- und Wachstumsdynamik moderner Volkswirtschaften lassen sich neben ökonomischen Ursachen auch kulturelle bzw. ethische Einflussfaktoren feststellen. Edmund Phelps hat in seiner Theorie zur Innovationsfähigkeit der Marktwirtschaft die Bedeutung...