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Innovation

In: Palgrave Dictionary of Emerging Markets and Transition Economics

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  • Jutta Günther

Abstract

This chapter highlights innovation in a Schumpeterian sense. It refers particularly to new products and production processes as the most important types of innovation in economic literature. The theoretical concept of national innovation systems offers the framework for discussing the role of heterogeneous actors, their cooperation, and institutions in innovation processes. The chapter refers to the role of innovation and technology for economic development in emerging and transition economies. It concludes with a discussion of innovation in catching-up processes and the hint that economic as well as societal factors matter.

Suggested Citation

  • Jutta Günther, 2015. "Innovation," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 18, pages 360-371, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37138-6_19
    DOI: 10.1007/978-1-137-37138-6_19
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    Cited by:

    1. Radosevic, Slavo & Meissner, Dirk & Lacasa, Iciar Dominguez & Günther, Jutta, 2019. "Exploring technology upgrading of emerging economies: From ‘shifting wealth I’ to ‘shifting wealth II’?," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 254-257.

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