Innovation Dynamism And Economic Growth: A Nonlinear Perspective
Editorial Reviews
Book Description
'I think this book is a great achievement. It is packed with useful information and thought-provoking analysis and discussion. The work on technological development is, especially, a very valuable original contribution to the work in this field. The book illuminates the technological trajectory so often ignored by economists, but which underlies Schumpeter's "clusters" of innovations, and the emphasis on trunk innovations and analysis of their role is of particular interest.' â€" Christopher Freeman, SPRU â€" Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands
This pathbreaking book addresses the economics of technological change as revealed by a unique methodology that uncovers the true nature of technological development. Masaaki Hirooka bases this new approach to the economics of technological change on recognition of the nonlinear dynamic nature of innovation.
In order to provide a richer understanding of technological development, the book focuses on the period of innovation prior to market-launch, grounding the analysis within a distinct innovation paradigm. This is expressed using three logistic trajectories: technology, development and diffusion, which make it possible to interpret and better understand technology foresight, infrastructure formation, long business cycles and national innovation systems. The author emphasizes the importance of the timing of innovation commitment, knowledge transfer between and within these trajectories, and the evolutionary character of innovation.
Those with an interest in economics, macroeconomics, technological change and evolutionary economics will find this book to be a highly stimulating and fascinating read.
About the Author
Masaaki Hirooka, Institute of Technoeconomics, Kyoto, Japan
Innovation Dynamism And Economic Growth: A Nonlinear Perspective,Masaaki Hirooka,Edward Elgar Publishing,1843765780,Business & Economics,Business / Economics / Finance,Business/Economics,Economic aspects,Economics - General,Industries - General,Management - General,Technological innovations,Industrial applications of scientific research & technological innovation,Industry & Industrial Studies
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