the Precursor and Founder of the Innovation Theory of Economic Development -- 4. Understanding the Nature of Added Value …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 …

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. With a particular focus on the work of Ukrainian economists, Tugan …