Rethinking Theory on the Role of Technological Innovation in Economic Development

Askar Akaev (), Andrey Rudskoy () and Tessaleno Devezas ()
Additional contact information
Askar Akaev: Institute for Mathematical Research of Complex Systems, Lomonosov Moscow State University
Andrey Rudskoy: Peter the Great Saint Petersburg Polytechnic University
Tessaleno Devezas: Atlântica Instituto Universitário

A chapter in Digital Transformation and the World Economy, 2022, pp 1-22 from Springer

Abstract: Abstract Analysis of recent publications on the role of innovation in technological development indicates that the basic statements of the theory of innovative development, dating back to the works of J. Schumpeter, have not undergone any significant changes. However, the rapid development of information and communication technologies, especially digital ones, the emergence of a shared economy, and new turbulent processes like the COVID-19 pandemic, encouraged researchers to revise these works in order to find answers to the new challenges of our time. In this work, the well-known approaches are reconsidered, and new interpretations are proposed that can significantly expand the tools to study innovative processes in the economy and assess the evolution of technology and machinery.

Keywords: Technological innovation; Economic development; Evolution of technology and machinery (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:seschp:978-3-030-89832-8_1

Ordering information: This item can be ordered from
http://www.springer.com/9783030898328

DOI: 10.1007/978-3-030-89832-8_1

Access Statistics for this chapter

More chapters in Studies on Entrepreneurship, Structural Change and Industrial Dynamics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().