This article will illustrate how a Strategic Corporate Innovation Management™ system can generate shareholder confidence through the continued and timely introduction of newly anticipated inventive solutions that will successfully be adopted by a specified target market. In this context,...

Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...

In the last two decades, large scale CGE models used for environmental policy assessment underwent an important upgrade to integrate endogenous technological progress. Nevertheless, several complexities of innovation are still neglected even if they are of primary interest for policymakers. This...

In this paper we use cross-state panel data to show that top income inequality is (at least partly) driven by innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income inequality in cross-state panel regressions. Two distinct...

Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...

Artificial intelligence (AI) is seen as a key technology for future economic growth. It is labelled as a general-purpose technology, as well as an invention of a method for inventing. Thus, AI is perceived to generate technological opportunities and through these, innovations, and productivity...

We use a panel of historical patent data covering a large range of countries over the past century to study the evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international knowledge spillovers as measured by patent citations since...

The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on trade induced real income gains while the Foreign Direct Investment (FDI)-related and innovation induced benefits have been largely neglected, although the EU and the US are...

The growth process for a technological leader is different from that of a follower.While followers can grow through imitation and capital deepening, a leader must undertakeoriginal research. This suggests that as the gap between the leader and the follower narrows, thefollower must undertake...

The objective of this paper is to investigate the innovative performance of China’s NIS ininternational comparison and the capacity of China’s NIS in creating indigenous innovation.We provide insights drawing upon patent data and using patent families to determine the valueof the underlying...