Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a … framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the … important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which …

innovation as the first commercial application and diffusion as the spreading out of the new technologies. This means that in the … transformation of industries observed in reality. This also means that innovation will play a crucial role in such an analysis in a … twofold way: Innovation is considered as the decisive cause and the most visible consequence of economic development. The …