Innovation econmicsinventionOur interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies...
Innovation Economics is a branch of economics that focuses on (rather predictably) innovation, alongside the study of technology, knowledge, and entrepreneurship. It aims to understand where new ideas come from, and how we can put forward policies which will encourage the development of new ways o...
In May 2017, the Action Plan on Belt and Road Cooperation in Scientific and Technological Innovation was implemented, to increase the capacity for innovation in BRI participating countries through pragmatic measures such as joint research, technology transfer, exchanges in science, technology and culture...
This paper describes some preliminary results from an investigation into the determinants of biotechnology innovation in New Zealand using data from the 1998/99 biotechnology survey1. The theoretical framework is based on a synthesis of hypotheses drawn from four strands of the innovation literature: i...
What is your definition of “innovation”? Very simply put, innovation is about staying relevant. We are in a time of unprecedented change. As a result, what may have helped an organization be successful in the past could potentially be the cause of their failure in the future. Companies ne...
This type of productivity is sometimes called “innovation-led growth.”Looking for direct answers to other complex questions? Explore the full McKinsey Explainers seriesIs productivity accelerating or slowing down?The past 25 years have been a major success story for global productivity. These gains...
An economics major examines resource allocation, incentives and wealth in fields like business management, law and public affairs.
But there are other indicators that are less cyclical in nature and that appear more likely to persist. There is evidence of a wave of innovation. Census Bureau data show that the number of US patents issued to US corporations more than doubled between 1990 and 2001 and that R&D ...
Self-interest can lead to innovation Cons Self-interest can lead to cutting corners, corruption, and unjust ways of doing business Self-interest can only function in conjunction with solid government regulation What Is Self-Interest in Economics?
On a larger scale, market forces and competition motivate producers to make what is most profitable at the lowest cost, encouraging technological progress and innovation, for the benefit of all. Sponsored Buy, Trade, and Hold 350+ Cryptocurrencies Join 120 million registered users exchanging the...