A technological model of the R&D process and its implications with scientific research and socio-economic activities

Angelo Bonomi ()
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Angelo Bonomi: CNR-IRCRES, National Research Council, Research Institute on Sustainable Economic Growth, Moncalieri, Italy, http://www.ircres.cnr.it/index.php/it/

IRCrES Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY

Abstract: This work describes a model of the R&D process derived by technology management and experience in carrying out this type of activity. The model gives a comprehensive description of the numerous processes of technological nature involving innovations from science to business. The model sees R&D as an organizing activity of fluxes of knowledge and capitals with a dynamics that is determined by R&D projects and their implementing rather than by R&D investments. The model recognizes the existence of a general knowledge generated by R&D activities, formed either by successful or abandoned projects, not necessarily linked to the objectives of the projects, and diffusing among the various actors making R&D in the distributed innovation system existing in conditions of open innovation. Such general knowledge has a role of driving force in developing innovative ideas and saving R&D costs. The model separates neatly the R&D process from scientific research considering existence of an intertwining process between research and R&D. About relation with socio-economic factors determining the effects of new technologies, the model presents different views about relation of R&D investments and economic growth. In fact it considers the inexistence of limits to generation of new technologies, when unlimited financing of R&D is available, and highlights the importance of the specific innovative system of a country in determining the contribution of R&D investments to its economic growth. Concluding the model considers that economic growth does not depend actually on R&D investments, that should be considered rather a means, but on the intensity of generation of innovative ideas, that depends on the efficiency of the territorial innovative system, and on adopted strategies and availability of capitals financing their development joined with an effective industrial organization.

Keywords: research & development; R&D model; R&D management; technology innovation; knowledge spillover; socio-economic growth (search for similar items in EconPapers)
JEL-codes: O30 O31 O47 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2017-02
New Economics Papers: this item is included in nep-cse, nep-ino, nep-knm, nep-ppm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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