Innovations, Technological Progress, and Economic Impact

University:
Swansea University
Course:
FIN520 | Financial Ethics and Accountability
Academic year:

2024
Views:

179

Pages:

2
Author:

Caroline H.

INNOVATIONS, TECHNOLOGICAL PROGRESS, AND ECONOMIC IMPACT 1. Introduction  The role of innovations in economic development  The concept of innovation-driven productivity 2. Innovation and Productivity  Innovations as an independent source of productivity  Measuring productivity through end product growth 3. Supply Factors of Innovation  The role of technical possibilities in stimulating innovation  The macroeconomic and microeconomic impact of innovation 4. Technological Change and Technical Knowledge  The influence of technical knowledge on technological change  The significance of the market and competition in the process 5. Schumpeter's Theory of Innovation  Schumpeter's theory as a foundation for growth and technological progress  The role of shifts in the production function 6. The Role of "New Firms"  The emergence of "New Firms" due to economic depletion  The transient nature of these firms and their dependence on innovation 7. Types of Innovation  Classification of innovations into distinct groups  The focus on cost-effective innovation in modern economics 8. The Innovation Process  The diversity of paths and levels of innovation influence  Evolution of the nature of changes and the entities benefiting from innovation 9. Technical Changes and Economic Impact  The essence of technical changes in processes and products  The role of R&D expenditure in driving technical change 10.Innovation in Production  The interconnection between product and process innovations  The distinction between traditional goods and new products