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| economics of innovation and new technology: Handbook of the Economics of Innovation Bronwyn H. Hall, Nathan Rosenberg, 2010-05-14 Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. Two volumes, available as a set or sold separately - Expert articles consider the best ways to establish optimal incentives in technological progress - Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare - Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies |
| economics of innovation and new technology: The Economics of Innovation, New Technologies and Structural Change Cristiano Antonelli, 2014-04-08 The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms. This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies. This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory. |
| economics of innovation and new technology: New Frontiers in the Economics of Innovation and New Technology Cristiano Antonelli, Dominique Foray, Bronwyn H. Hall, W. Edward Steinmueller, 2006-01-01 This Festschrift explores the truly exceptional breadth and depth of Paul David s work, focusing upon his contributions to the topics of path dependence, the economics of knowledge, and the diffusion of technology. The book consists of 15 papers plus an introduction by the editors and an entertaining postscript by Dominique Foray. . . For economic historians, the papers on path dependence assembled in this book, and particularly the conceptual paper by Antonelli, should be essential reading. Nikolaus Wolf, Economic History Review Recent research on the economics of innovation has acknowledged the importance of path dependence and networks in the evolution of economies and the diffusion of new techniques, products, and processes. These are topics pioneered by Paul A. David, one of the world s leading scholars in the economics of innovation. This outstanding collection provides a fitting tribute to the diversity and depth of Paul David s contributions. The papers included range from simulation models of the evolution of market structure in the presence of innovation, through historical investigations of knowledge networks and empirical analysis of contemporary networks, to the analysis of the diffusion of innovations using simulation and analytic models and of the diffusion of knowledge using patent data. With an emphasis on simulation models, data analysis, and historical evidence, this book will be required reading for researchers in innovation economics and regional development as well as economists, sociologists, and historians of innovation and intellectual property. |
| economics of innovation and new technology: Markets for Technology Ashish Arora, Andrea Fosfuri, Alfonso Gambardella, 2004-01-30 The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities. Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results. |
| economics of innovation and new technology: The Economics of Innovation, New Technologies and Structural Change Cristiano Antonelli, 2014-04-08 The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms. This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies. This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory. |
| economics of innovation and new technology: The Economics of Industrial Innovation Christopher Freeman, Luc Soete, 1997 First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company. |
| economics of innovation and new technology: The Economics of Innovation G. M. P. Swann, 2014-05-14 This text provides a comprehensive yet accessible introduction to the economics of innovation, written for those with some basic knowledge of economics. |
| economics of innovation and new technology: Innovation Economics Robert D. Atkinson, Stephen J. Ezell, 2012-09-04 This important book delivers a critical wake-up call: a fierce global race for innovation advantage is under way, and while other nations are making support for technology and innovation a central tenet of their economic strategies and policies, America lacks a robust innovation policy. What does this portend? Robert Atkinson and Stephen Ezell, widely respected economic thinkers, report on profound new forces that are shaping the global economy—forces that favor nations with innovation-based economies and innovation policies. Unless the United States enacts public policies to reflect this reality, Americans face the relatively lower standards of living associated with a noncompetitive national economy.The authors explore how a weak innovation economy not only contributed to the Great Recession but is delaying America's recovery from it and how innovation in the United States compares with that in other developed and developing nations. Atkinson and Ezell then lay out a detailed, pragmatic road map for America to regain its global innovation advantage by 2020, as well as maximize the global supply of innovation and promote sustainable globalization. |
| economics of innovation and new technology: The Economics of Innovation Cristiano Antonelli, 2008 |
| economics of innovation and new technology: New Frontiers in the Economics of Innovation and New Technology Cristiano Antonelli, 2007 'This Festschrift explores the truly exceptional breadth and depth of Paul David's work, focusing upon his contributions to the topics of path dependence, the economics of knowledge, and the diffusion of technology. The book consists of 15 papers plus an introduction by the editors and an entertaining postscript by Dominique Foray. . . For economic historians, the papers on path dependence assembled in this book, and particularly the conceptual paper by Antonelli, should be essential reading.' - Nikolaus Wolf, Economic History Review |
| economics of innovation and new technology: The Rate and Direction of Inventive Activity Revisited Josh Lerner, Scott Stern, 2012-04-15 This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation. |
| economics of innovation and new technology: The Changing Economics of Medical Technology Institute of Medicine, Committee on Technological Innovation in Medicine, 1991-02-01 Americans praise medical technology for saving lives and improving health. Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policiesâ€as well as the involvement of numerous government agenciesâ€affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public. |
| economics of innovation and new technology: Law and Economics of Innovation Eli M. Salzberger, 2012 This authoritative volume includes a selection of seminal articles published in the emerging field of technological progress and innovation. The first part of the book is dedicated to the economics of innovation, while the following parts include important papers in various legal areas that focus on innovation. The legal fields covered by the collection include intellectual property, torts, competition law and regulation. Along with an original introduction by Professor Salzberger, this comprehensive book will be useful to researchers, students and legal practitioners who are interested in innovation and is a must in any research library. |
| economics of innovation and new technology: Technological Innovation and Economic Performance Benn Steil, David G. Victor, Richard R. Nelson, 2002-02-03 Commissioned and brought tohgether for the research project by the world-renowned Council on Foreign Relations, the authors have produced an important compendia in applied economics. |
| economics of innovation and new technology: Innovation Matters Richard J. Gilbert, 2020-07-14 A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and available evidence on economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather than innovation. Economic theory shows the ways that price competition benefits consumers, and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the laws has raised obstacles to enforcement policies for innovation. In this book, economist Richard Gilbert proposes a shift from price-centric to innovation-centric competition policy. Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, Gilbert argues, innovation matters. |
| economics of innovation and new technology: The Economic Impact of Digital Technologies Paolo Guerrieri, Sara Bentivegna, 2011-01-01 The Economic Impact of Digital Technologies offers a profoundly illuminating examination of ICT transformations in Europe and its critical role in greater social inequality. It presents scholars and policy makers with original and practical tools to benchmark and assess the ICT diffusion and inclusion process. The core message of book is that a coherent European strategy for embedding ICT technologies in society is long overdue. Social differences in ICT use persist and are in some cases widening, yet despite this fact there is a dearth of research on remedying digital inequalities. This is of particular importance given that relative levels of ICT use, investment and research can often explain variations in economic performance between industrialised countries. The purpose of this book is to fill the gap in the literature by presenting key evidence on the economic benefits (and costs) deriving from investment in an inclusive information society. The authors propose indicators and indexes of digital development and e-Inclusion (and its flip-side e-exclusion) to assess the relationship between inclusive ICT and wider economic and social performance in Europe. Presenting the methodology to monitor countries' performance and ICT use, together with original measures and policy suggestions, this book will be indispensable to policymakers, scholars and postgraduate students in a variety of areas including economic growth, innovation, industrial and organizational studies, information and technology, European studies, and public and social policy. |
| economics of innovation and new technology: Innovation Economics, Engineering and Management Handbook 1 Dimitri Uzunidis, Fedoua Kasmi, Laurent Adatto, 2021-06-08 Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity. |
| economics of innovation and new technology: Economics of an Innovation System Tsutomu Harada, 2019-03-04 Existing literature looks at national innovation systems from the perspective of either inside the black box or outside the black box. This is the first book that analyzes both the inside and outside of the black box using a general equilibrium framework. The book looks at what is outside the black box and provides models of path-dependent endogenous growth; examines the dynamics of the black box from the intersectoral perspective of the economy; and proposes an innovation flow matrix. It also takes into account both business cycles and endogenous innovation in the unified New Keynesian dynamic stochastic general equilibrium (DSGE) model and examines how business cycles and other policy shocks affect endogenous innovation. The unified treatment of the national innovation system from perspectives both inside and outside the black box using rigorous economic models and empirical analyses makes this an enlightening work, shedding new light on innovation economics. |
| economics of innovation and new technology: Localised Technological Change Cristiano Antonelli, 2008-01-31 Pt. 1. The ingredients -- pt. 2. The governance of localised technological knowledge -- pt. 3. The introduction of localised technological change. |
| economics of innovation and new technology: Innovation and Technology Nikos Vernardakis, 2016 Technology was long considered a side issue in economics, an unclassifiable element that would impinge upon growth and development, but seen as exogenous to the fundamental processes of supply and demand. Joseph Schumpeter did much to change this but even so, it is only in recent years that its workings have begun to be taken seriously. This book analyzes the Economics of Technology and its implications for both standard economic theory and the real world itself, down to the level of firms, with consequent strong appeal to the disciplines of both Economics and Business and with major implications for policy. The work moves beyond the plethora of specialized studies on the subject and formulates a unified and comprehensive approach, fully aware of the topic’s huge breadth and scope. Issues such as innovation, knowledge, incentives, information and regulation are naturally much to the fore. |
| economics of innovation and new technology: Handbook of the Economics of Innovation and Technological Change Paul Stoneman, 1995-08-03 This book presents a detailed overview of the economics and technological change in all its various dimensions. Topics covered include: * Game-theoretic approaches to the modelling of technological change * Finance and technological change * Technological change in internatonal trade The Handbook will be essential reading for students and researchers of the economics of technological change and industrial organization. |
| economics of innovation and new technology: The Challenges of Technology and Economic Catch-up in Emerging Economies Jeong-Dong Lee, Keun Lee, Dirk Meissner, Slavo Radosevic, Nicholas Vonortas, 2021-06-24 This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Innovation is a pivotal driving force behind economic growth. Technological capability deepens and diversifies industrial activity, which fundamentally enhances growth potential. Consequently, failure to build effective technological capability can lead to slow long-term economic growth. This book synthesizes and interprets existing knowledge on technology upgrading failures in order to better understand the challenges of technology upgrading in emerging economies. The objective is to bring together diverse evidence on three major dimensions of technology upgrading: paths of technology upgrading, structural changes in the nature of technology upgrading, and the issues of technology transfer and technology upgrading. Knowledge on these three dimensions is synthesized at the firm, sector, and macro levels across different countries and world macroregions. Compared to the challenges and uncertainties facing emerging economies, our understanding of technology upgrading is sparse, unsystematic, and scattered. The recent growth slowdown in many emerging economies, often known as the middle-income trap, has reinforced the importance of understanding the technology upgrading challenges they experience. While our understanding of these issues from the 1980s and 1990s is relatively more systematised, the more recent changes that took place during the globalization and proliferation of global value chains, and the effects of the 2008 financial crisis, have not been explored and compared synthetically. The current effects of COVID-19, geopolitical struggles, and the growing concern around environmental sustainability add significant complexity to an already problematic situation. The time is ripe to take stock of our existing knowledge on processes of technology upgrading in emerging economies and make further inroads in research on this crucial issue. |
| economics of innovation and new technology: Economics and Technological Change Rod Coombs, Paolo Saviotti, Vivien Walsh, 1987 An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector. |
| economics of innovation and new technology: Technology and the Pursuit of Economic Growth David C. Mowery, Nathan Rosenberg, 1991-07-26 Technology's contribution to economic growth and competitiveness has been the subject of vigorous debate in recent years. This book demonstrates the importance of a historical perspective in understanding the role of technological innovation in the economy. The authors examine key episodes and institutions in the development of the U.S. research system and in the development of the research systems of other industrial economies. They argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies. A richer framework, they believe, will support a more fruitful dialogue among economists, policymakers, and managers on the organization of public and private institutions for innovation. David Mowery is Associate Professor of Business and Public Policy at the School of Business Administration, University of California, Berkeley. Nathan S. Rosenberg is Fairleigh Dickinson Professor of Economics at Stanford University. He is the author of Inside the Black Box: Technology and Economics (CUP, 1983). |
| economics of innovation and new technology: Innovation, Technology and Economic Change Jan Fagerberg, David C. Mowery, 2015 Several attempts have been made since the 1970s to collect key scholarly papers and document the progress of the field of innovation studies. The collection of papers covered by this new research review, most of which were published after the turn of the millennium, stands on the shoulders of these earlier volumes and seeks to provide a broad overview of recent progress in research on innovation and economic change. In their choice of papers, the editors address the characteristics of the field of innovation studies and its relationship to other areas of (social) science: innovation in firms; factors influencing firms' innovation performance; innovation systems; innovation and economic catch-up and, finally, policy issues for innovation. |
| economics of innovation and new technology: Theory of Innovation Jati Sengupta, 2013-10-04 The current economic theory of innovation mainly analyses the technology factor and its impact on economic growth. In today's world, growth in information technology and knowledge of new ideas has altered the business paradigm dramatically. Modern economies have undergone a dynamic shift from material manufacturing to a new information technology model with research and development (R&D) and human capital. Through information and communications technology efficient information usage has achieved substantial productivity gains through learning by doing and incremental innovations. The present volume discusses this new paradigm in terms of both theory and industry applications, including Schumpeter in his innovation model and the emphasis on new innovations replacing the old. Growth of business networking and R&D consortium have dramatically helped the modern business to reduce their unit costs and improve efficiency. This volume presents some new models emphasizing knowledge sharing and R&D cooperation. Rapid growth in recent times in some south Asian countries have been cited as growth miracles are largely caused by knowledge spillover and learning by doing, and this volume also investigates the role of incremental innovations. With a strong focus and extension of the current theory of innovation and industry growth experiences of both the US and Asian countries, this book will be of interest to MBA and graduate students in economics, innovation management, and applied industrial economics. |
| economics of innovation and new technology: The Economics of Artificial Intelligence Ajay Agrawal, Joshua Gans, Avi Goldfarb, Catherine Tucker, 2024-03-05 A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system. |
| economics of innovation and new technology: Technology Dynamics Angelo Bonomi, 2020-07-21 While science and technology research, sources of funding, performance, incentives, and motivations for technology innovation activities are reasonably well understood by academics and policy makers, the complex process by which scientific results are exploited and transformed into new technologies through an innovation process is poorly documented and studied little. Technology Dynamics is dedicated to the complex activity of technology innovation, with the aim of describing how innovative ideas are generated and their transformation into new technologies. It is based on the idea that technology evolves continuously with time, is changed by innovations, and is characterized by a dynamic that is constituted by technological processes occurring in organizational structures, as well as during the use of technologies. The five chapters Discuss technological processes for innovation; Describe innovation within organizational structures; Offer information on interfacing of science and economic factors with technology; Suggest new statistical studies for innovation and new approaches for innovation policies; and Examine the contribution of technology dynamics to statistical studies and promotion of technology innovation. This book is aimed at managers developing strategies for technology innovation, researchers interested in exploiting scientific results for innovative ideas and new technologies, scholars and students studying the economics of innovation. The book would also of interest to private or public financiers of innovation and policy makers involved in economic growth strategy. |
| economics of innovation and new technology: The Geography of Innovation M.P. Feldman, 2013-06-29 This book offers a geographic dimension to the study of innovation and product commercialization. Building on the literature in economics and geography, this book demonstrates that product innovation clusters spatially in regions which provide concentrations of the knowledge needed for the commercialization process. The book develops a conceptual model which links the location of new product innovations to the sources of these knowledge inputs. The geographic concentration of this knowledge fonns a technological infrastructure which promotes infonnation transfers, and lowers the risks and the costs of engaging in innovative activity. Empirical estimation confinns that the location of product innovation is related to the underlying technological infrastructure, and that the location of the knowledge inputs are mutually reinforcing in defining a region's competitive advantage. The book concludes by considering the policy implications of these fmdings for both private finns and state governments. This work is intended for academics, policy practitioners and students in the fields of innovation and technological change, geography and regional science, and economic development. This work is part of a larger research effort to understand why the location of innovative activity varies spatially, specifically the externalities and increasing returns which accrue to location. xi Acknowledgements This work has benefitted greatly from discussions with friends and colleagues. I wish to specifically note the contribution of Mark Kamlet, Wes Cohen, Richard Florida, Zoltan Acs and David Audretsch. I would like to thank Gail Cohen Shaivitz for her dedication in editing the final manuscript. |
| economics of innovation and new technology: General Purpose Technologies and Economic Growth Elhanan Helpman, 1998 Traditionally, economists have considered the accumulation of conventional inputs such as labour and capital to be the primary force behind economic growth. In the late-1990s however, many economists place technological progress at the centre of the growth process. This shift is due to theoretical developments that allow researchers to link microeconomic outcomes. |
| economics of innovation and new technology: Industrial Policy in Brazil Wilson Suzigan, Annibal V. Villela, 1997 |
| economics of innovation and new technology: Endogenous Innovation Cristiano Antonelli, This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system. |
| economics of innovation and new technology: The Economics of Information Technology Hal R. Varian, Joseph Farrell, Carl Shapiro, 2004-12-23 The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. The book consists of two parts. In the first part, Professor Varian outlines the basic economics of these industries. In the second part, Professors Farrell and Shapiro describe the impact of these factors on competition policy. The clarity of the analysis and exposition makes this an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas. |
| economics of innovation and new technology: The Work of the Future David H. Autor, David A. Mindell, Elisabeth Reynolds, 2022-06-21 Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all. |
| economics of innovation and new technology: Innovation + Equality Joshua Gans, Andrew Leigh, 2019-10-29 How to get more innovation and more equality. Is economic inequality the price we pay for innovation? The amazing technological advances of the last two decades—in such areas as artificial intelligence, genetics, and materials—have benefited society collectively and rewarded innovators handsomely: we get cool smartphones and technology moguls become billionaires. This contributes to a growing wealth gap; in the United States; the wealth controlled by the top 0.1 percent of households equals that of the bottom ninety percent. Is this the inevitable cost of an innovation-driven economy? Economist Joshua Gans and policy maker Andrew Leigh make the case that pursuing innovation does not mean giving up on equality—precisely the opposite. In this book, they outline ways that society can become both more entrepreneurial and more egalitarian. All innovation entails uncertainty; there's no way to predict which new technologies will catch on. Therefore, Gans and Leigh argue, rather than betting on the future of particular professions, we should consider policies that embrace uncertainty and protect people from unfavorable outcomes. To this end, they suggest policies that promote both innovation and equality. If we encourage innovation in the right way, our future can look more like the cheerful techno-utopia of Star Trek than the dark techno-dystopia of The Terminator. |
| economics of innovation and new technology: Doing Capitalism in the Innovation Economy William H. Janeway, 2012-10-08 A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy. |
| economics of innovation and new technology: Technology, Growth, and Development Vernon W. Ruttan, Regents Professor in the Department of Applied Economics and in the Department of Economics Vernon W Ruttan, 2001 Technology, Growth, and Development uniquely presents the complexities of technical and institutional change on the foundation of modern growth theory. The author shows how the rates and directions of technical change are induced by changes in competitive funding and institutional innovations in the modern research university and industrial laboratory. In turn, technical change itself becomes a powerful source of institutional change. Organized by the author in four parts, the first-Productivity and Economic Growth-gives specific reasons for the slowing of productivity growth in the United States and other leading industrial countries during the last quarter of the twentieth century. In Part II-Sources of Technical Change-the author examines a host of economic factors that influence invention and innovation; the rate and direction of institutional change; and the adoption, diffusion, and transfer of technology. In Part III-Technical Innovation and Industrial Change-he traces the sources and impact of technical change in five strategically important industries: agriculture, electric power, chemical, computer, and biotechnology. The final section, Part IV-Technology Policy-evaluates the role of technical change in international competition, the role of science and technology in environmental policy, and the evolution of U.S. science and technology policy. Technology, Growth, and Development makes few mathematical demands on students, and will be used in courses within economics departments as well as management and public affairs. In addition, it will be required reading for professional economists, managers, and policy analysts at all levels. |
| economics of innovation and new technology: Innovation in Low-tech Firms and Industries Hartmut Hirsch-Kreinsen, David Jacobson, 2008-01-01 This very valuable book collects together excellent empirical essays on what amounts to a silent majority in advanced industrial societies: low and medium tech manufacturing industries. Such industries employ more people and make a larger contribution to aggregate value creation than their more lauded high-tech counterparts and moreover, they constitute extremely important customer industries for such higher tech producers. They may be neglected, but they are not going away indeed, this volume shows that they are growing and adapting to the new competitive challenges of globalization. Attending to the dynamics of innovation and change in this large sector is crucial for understanding processes of social and economic restructuring in Europe today. The essays in this volume are the first place to look for insight into this extremely important area of political economic life in Europe. Gary Herrigel, University of Chicago, US Innovation in Low-Tech Firms and Industries challenges the currently fashionable notion that the advent of a knowledge-based economy demands that all social resources should be diverted to high-technology industries. Hirsch-Kreinsen and Jacobson point out these constitute a small part of even the most advanced economies. Attention has been diverted from the important innovation processes which occur in low and medium technology (LMT) sectors. This volume calls on us to achieve a much better and wiser balance in our industrial policy. Terrence McDonough, National University of Ireland, Galway The authors of this book make an urgently needed provocative point: ordinary engineering and technology ( low-tech ) continue to be of greater importance, in our knowledge society , than high-tech activities, and they may be similarly demanding by the competence they require and produce. This counteracts the exaggerated hype about high-tech firms or activities. The high-tech classification itself is highly arbitrary and often superficial. The authors show in what way low-tech activities and firms are important, and how they can be cultivated to buttress the economic strength of industrial and post-industrial nations. Researchers and policymakers, please take note! Arndt Sorge, Wissenschaftszentrum Berlin, Germany and University of Groningen, The Netherlands It is a general understanding that the advanced economies are currently undergoing a fundamental transformation into knowledge-based societies. There is a firm belief that this is based on the development of high-tech industries. Correspondingly, in this scenario low-tech sectors appear to be less important. A critique of this widely held belief is the starting point of this book. It is often overlooked that many of the current innovation activities are linked to developments inside the realm of low-tech. Thus the general objective of the book is to contribute to a discussion concerning the relevance of low-tech industries for industrial innovativeness in the emerging knowledge economy. Providing examples of both theoretical and empirical research in this area, Innovation in Low-tech Firms and Industries will be of great interest to postgraduate students and academic researchers in innovation studies. It will also appeal to policy makers in the field of innovation policy as well as industrial economists and sociologists interested in traditional industries in advanced economies. |
| economics of innovation and new technology: Innovation and Small Firms Zoltán J. Ács, David B. Audretsch, 1990 Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis of the increased importance of small firms in generating technological innovations and their growing contribution to the U.S. economy. They identify the contributions made by both small and large firms to the innovative process and the manner in which market structure, and the firm-size distribution in particular, responds to technological change. The authors' analysis relies on traditional theories of industrial organization and tests existing hypotheses, many of them previously untested due to data constraints. Innovation and Small Firms brings together two large data bases recently released by the U. S. Small Business Administration - one directly measuring innovative activity for large and small firms, the other providing a detailed census of economic activity for all manufacturing firms and plants across a broad spectrum of industries. Acs and Audretsch describe and evaluate the data bases in the context of the literature on innovation, market structure, and firm size. They present their findings on the presence of small firms, small-firm entry in manufacturing, small-firm growth and flexible technology, and mobility and firm size. They compare static and dynamic measures of small-firm viability and address the relationships between R&D, innovation, and productivity, and analyze the interaction between technological regimes and the role of government in innovation. |
| economics of innovation and new technology: Patents, Citations, and Innovations Adam B. Jaffe, Manuel Trajtenberg, 2002 A study of how patents and citation data can serve empirical research on innovation and technological change. |
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Economics of Innovation and New Technology is devoted to the theoretical and empirical analysis of the determinants and effects of innovation, new technology and technological knowledge. …
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Jan 2, 2025 · Home / Publication: Economics of Innovation and New Technology Economics of Innovation and New Technology. ISSN 1043-8599 (Print); ISSN 1476-8364 (Online) Publisher: …
Economics Of Innovation And New Technology_WOS分区Q1_ …
Economics Of Innovation And New Technology（创新与新技术经济学杂志）是由Taylor & Francis出版社主办的一本以ECONOMICS为研究方向，OA非开放（Not Open Access）的国 …
Economics of Innovation and New Technology期刊投稿经验分享,Economics …
福州辑思编译整理了最新的Economics of Innovation and New Technology 期刊投稿经验, 期刊官方投稿网址,审稿周期/时间,研究方向，SCI期刊分区。
Economics of Innovation and New Technology - 百度学术
Aims & ScopeDevoted to theoretical and empirical analysis of innovation and new technology, this peer-reviewed journal acts as a bridge between the contributions of economic theory and …
Economics Of Innovation And New Technology - xueshu.com
The Economics of Innovation and New Technology (ECON INN NEW TECH) is an academic journal dedicated to the field of new technology and innovation economics. This magazine is …
Economics Of Innovation And New Technology杂志-首页 - 优 …
《新技术与创新经济学杂志》（Economics of Innovation and New Technology，简称ECON INNOV NEW TECH）是一本专注于新技术与创新经济学领域的学术期刊。 该杂志致力于发表 …
Economics of Innovation and New Technology - Taylor
May 29, 2025 · Economics of Innovation and New Technology is devoted to the theoretical and empirical analysis of the determinants and effects of innovation, new technology and …
创新与新技术经济学杂志-Economics Of Innovation And New Technology …
《新技术与创新经济学杂志》（Economics of Innovation and New Technology，简称ECON INNOV NEW TECH）是一本专注于新技术与创新经济学领域的学术期刊。 该杂志致力于发表 …
Economics of Innovation and New Technology, Taylor & Francis …
Description: Papers published in Economics of Innovation and New Technology Additional information is available for the following registered editor(s): Cristiano Antonelli . Series …
Economics of Innovation and New Technology. - WIPO …
Economics of Innovation and New Technology is devoted to the theoretical and empirical analysis of the determinants and effects of innovation, new technology and technological knowledge. …
Economics of Innovation and New Technology - Ingenta Connect
Jan 2, 2025 · Home / Publication: Economics of Innovation and New Technology Economics of Innovation and New Technology. ISSN 1043-8599 (Print); ISSN 1476-8364 (Online) Publisher: …
Economics Of Innovation And New Technology_WOS分区Q1_ …
Economics Of Innovation And New Technology（创新与新技术经济学杂志）是由Taylor & Francis出版社主办的一本以ECONOMICS为研究方向，OA非开放（Not Open Access）的国 …
Economics of Innovation and New Technology期刊投稿经验分享,Economics …
福州辑思编译整理了最新的Economics of Innovation and New Technology 期刊投稿经验, 期刊官方投稿网址,审稿周期/时间,研究方向，SCI期刊分区。
Economics of Innovation and New Technology - 百度学术
Aims & ScopeDevoted to theoretical and empirical analysis of innovation and new technology, this peer-reviewed journal acts as a bridge between the contributions of economic theory and …
Economics Of Innovation And New Technology - xueshu.com
The Economics of Innovation and New Technology (ECON INN NEW TECH) is an academic journal dedicated to the field of new technology and innovation economics. This magazine is …
Economics Of Innovation And New Technology杂志-首页 - 优 …
《新技术与创新经济学杂志》（Economics of Innovation and New Technology，简称ECON INNOV NEW TECH）是一本专注于新技术与创新经济学领域的学术期刊。 该杂志致力于发表 …
