This text examines the economic mechanisms driving technological innovation and its subsequent impact on national growth. The authors analyze how public policy, private investment, and institutional frameworks influence the creation and distribution of new knowledge. Key topics include the lifecycle of research and development, the function of intellectual property rights, and the process of technology transfer from laboratories to the marketplace. By applying economic models to scientific progress, the book identifies how specific incentives and market structures accelerate or hinder regional and global industrial evolution.
Economists, policy analysts, and graduate students read this book to understand the quantifiable relationship between technical change and economic outcomes. It serves as a resource for those designing innovation policies or managing research organizations. Readers gain a technical foundation in productivity measurement and the evaluation of government-funded science programs. The work provides the analytical tools necessary to assess the financial consequences of technological shifts and to navigate the complexities of a knowledge-based economy.
Deep, outward-looking and growth-minded; a demanding read.
Best for readers like The Systems Thinker. Which reader are you?
- Published
- 2012
- Publisher
- Springer Science & Business Media
- ISBN
- 9781461509813
- Language
- EN
