-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

order to carry out innovation. This endogenous threshold level falls as the economy moves closer to the technological … frontier, enabling more entrepreneurs to be engaged in an innovation-based strategy, and consequently, moving the economy from … a technological structure that is based on imitation of foreign technologies to one where domestic innovation dominates …