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Nanotechnology Contribution To Innovation-Driven Growth: Hype Or Hope?

Author

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  • Olga B. Koshovets
  • Nikolay A. Ganichev

Abstract

The paper considers the role of nanotechnology as one of the possible general purpose technology (or basic innovation), which would be the core of the next great technological revolution. Authors focus on the numerous troubles with the estimates of the market size of nanotechnology products, as well on the reliability and realism of forecasts made by international research companies for nanotechnology development and its role to spur global economy and new cycle of growth. It appears that the potential of nanotechnology market growth and economic impact of these technologies development may not be so great than anticipated, and its part in the world economy growth is more than modest.

Suggested Citation

  • Olga B. Koshovets & Nikolay A. Ganichev, 2016. "Nanotechnology Contribution To Innovation-Driven Growth: Hype Or Hope?," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 10(1), pages 546-561.
    • Handle: RePEc:isp:journl:v:10:y:2016:i:1:p:546-561
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    Citations

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    Cited by:

    1. N. A. Ganichev & O. B. Koshovets, 2019. "Integrating Russia into the Global Project of Digital Transformation: Opportunities, Problems and Risks," Studies on Russian Economic Development, Springer, vol. 30(6), pages 627-636, November.
    2. O. B. Koshovets & N. A. Ganichev, 2017. "Nanotechnology and the new technological revolution: Expectations and reality," Studies on Russian Economic Development, Springer, vol. 28(4), pages 391-397, July.
    3. N. A. Ganichev & O. B. Koshovets, 2018. "Russian Nanotechnology Market: High-Technology Industry or Statistical Phenomenon," Studies on Russian Economic Development, Springer, vol. 29(1), pages 12-20, January.

    More about this item

    Keywords

    nanotechnology; economic growth; innovation development; technological revolution; general-purpose technology;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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