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By:Jati Sengupta
Published on 2013-10-04 by Springer Science & Business Media

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The current economic theory of innovation mainly analyses the technology factor and its impact on economic growth. In today's world, growth in information technology and knowledge of new ideas has altered the business paradigm dramatically. Modern economies have undergone a dynamic shift from material manufacturing to a new information technology model with research and development (R&D) and human capital. Through information and communications technology efficient information usage has achieved substantial productivity gains through learning by doing and incremental innovations. The present volume discusses this new paradigm in terms of both theory and industry applications, including Schumpeter in his innovation model and the emphasis on new innovations replacing the old. Growth of business networking and R&D consortium have dramatically helped the modern business to reduce their unit costs and improve efficiency. This volume presents some new models emphasizing knowledge sharing and R&D cooperation. Rapid growth in recent times in some south Asian countries have been cited as growth miracles are largely caused by knowledge spillover and learning by doing, and this volume also investigates the role of incremental innovations. With a strong focus and extension of the current theory of innovation and industry growth experiences of both the US and Asian countries, this book will be of interest to MBA and graduate students in economics, innovation management, and applied industrial economics.

This Book was ranked at 4 by Google Books for keyword Knowledge Capital.

Book ID of Theory of Innovation's Books is LTgnAQAAQBAJ, Book which was written byJati Senguptahave ETAG "uKz24AL83/4"

Book which was published by Springer Science & Business Media since 2013-10-04 have ISBNs, ISBN 13 Code is 9783319021836 and ISBN 10 Code is 3319021834

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Book which have "154 Pages" is Printed at BOOK under CategoryBusiness and Economics

Book was written in en

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