A general model of the innovation - subjective well-being nexus
Hans-Jurgen Engelbrecht ()
Journal of Evolutionary Economics, 2014, vol. 24, issue 2, 377-397
Abstract:
A model of the innovation – subjective well-being (SWB) nexus is needed to advance our understanding of the welfare implications of innovation. Building on an earlier contribution by Swann (G. M. Peter Swann, 2009, The Economics of Innovation, Edward Elgar, Cheltenham, UK), I first assemble the major building blocks of such a model and then discuss some of the many potential linkages between them. A central feature is the inclusion of multiple SWB impacts of processes as well as of outcomes. Some general issues that would have to be addressed in any empirical application are also discussed. SWB impacts are to be used as an additional indicator in the assessment of innovation, not as something to be maximised. By taking SWB into account, new insights might emerge that could result in either strengthening or modifying existing innovation policies, or in novel policies. Copyright Springer-Verlag Berlin Heidelberg 2014
Keywords: Innovation; Subjective well-being; Knowledge-based economies; General model; Policy; O30; B52; D60 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
http://hdl.handle.net/10.1007/s00191-014-0343-y (text/html)
Access to full text is restricted to subscribers.
Related works:
Chapter: A General Model of the Innovation - Subjective Well-Being Nexus (2015)
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:joevec:v:24:y:2014:i:2:p:377-397
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/191/PS2
DOI: 10.1007/s00191-014-0343-y
Access Statistics for this article
Journal of Evolutionary Economics is currently edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo
More articles in Journal of Evolutionary Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().