The Role of Innovation within Economics
Russell K. Standish
TL;DR
This paper explores the importance of innovation in economics by discussing dynamic evolutionary models, providing a new framework for understanding economic change driven by innovation.
Contribution
It introduces a novel model of dynamic evolutionary economics to better understand the role of innovation in economic development.
Findings
Highlights the significance of innovation in economic evolution
Proposes a new model for dynamic evolutionary economics
Provides insights into how innovation drives economic change
Abstract
This paper discusses dynamic evolutionary economics, and introduces a model of such.
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Taxonomy
TopicsEconomic theories and models · Economic Growth and Productivity · Economic Development and Digital Transformation