Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy

Vincentas Giedraitis and Ausra Rasteniene

Perspectives of Innovations, Economics and Business (PIEB), 2009, vol. 02, 3

Abstract: What circumstances allow businesses to flourish in a stagnant world economy? We ask that question in our discussion of the uniquely favorable circumstances of the biotechnology sector in Lithuania. The purpose of this paper is to analyze Lithuania’s ability to expand its economy during a time of crisis, focusing on its unique ability to innovate in such sectors as biotechnology.

Keywords: Financial Economics; International Development; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (3)

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Journal Article: Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:94527

DOI: 10.22004/ag.econ.94527

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