Hardback
Foundations of the Economics of Innovation
Theory, Measurement and Practice
9781858987163 Edward Elgar Publishing
This important new book presents the theoretical, econometric and applied foundations of the economics of innovation as well as offering a new approach to the measurement of technical change. The author, a leading expert in innovation economics and management, critically reviews current schools of thought and presents his own contribution to measurement techniques.
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Critical Acclaim
Contents
More Information
This important new book presents the theoretical, econometric and applied foundations of the economics of innovation as well as offering a new approach to the measurement of technical change. The author, a leading expert in innovation economics and management, critically reviews current schools of thought and presents his own contribution to measurement techniques.
Measurements of technical change have focused on the characteristics of price and quantity whilst useful theories and reliable indicators of the quality of innovation in new products have been sorely lacking. The author examines the theoretical foundations of the measurement of technical change and extends the analysis to consider the econometric and empirical perspective in the process of innovation. He outlines the key contributions to innovation research by reviewing the English-language literature and providing a very useful guide to the most important contributions in other languages. In the measurement of the quality of innovation, the techniques used in the author’s contribution to new ‘technometrics’ are presented and explained in detail and are applied to the most important topical problems in innovation and management.
This significant addition to the literature will be invaluable to graduates, scholars and managers working in the area of technical change, technology and innovation management.
Measurements of technical change have focused on the characteristics of price and quantity whilst useful theories and reliable indicators of the quality of innovation in new products have been sorely lacking. The author examines the theoretical foundations of the measurement of technical change and extends the analysis to consider the econometric and empirical perspective in the process of innovation. He outlines the key contributions to innovation research by reviewing the English-language literature and providing a very useful guide to the most important contributions in other languages. In the measurement of the quality of innovation, the techniques used in the author’s contribution to new ‘technometrics’ are presented and explained in detail and are applied to the most important topical problems in innovation and management.
This significant addition to the literature will be invaluable to graduates, scholars and managers working in the area of technical change, technology and innovation management.
Critical Acclaim
‘The book is excellent at presenting the problem – the gap between theory and applied work in the economics of innovation – and suggesting a solution. . .’
– Katharine Wakelin, The Economic Journal
‘Hariolf Grupp has made an outstanding original contribution in this field as readers can easily judge for themselves. His contribution, however, has certainly not been limited to research on technometrics. His empirical work in this and other fields is placed firmly in the context of a carefully developed theoretical framework and leads to a major original contribution to economic theory. This is an excellent book. It constitutes a worthy contribution to the entire international literature and merits publication in several languages. I commend it most strongly to all those who are interested in the new wave of research on evolutionary economics in every country.’
– From the preface by Christopher Freeman, SPRU – Science and Technology Policy Research, University of Sussex, UK and Maastricht University, the Netherlands
– Katharine Wakelin, The Economic Journal
‘Hariolf Grupp has made an outstanding original contribution in this field as readers can easily judge for themselves. His contribution, however, has certainly not been limited to research on technometrics. His empirical work in this and other fields is placed firmly in the context of a carefully developed theoretical framework and leads to a major original contribution to economic theory. This is an excellent book. It constitutes a worthy contribution to the entire international literature and merits publication in several languages. I commend it most strongly to all those who are interested in the new wave of research on evolutionary economics in every country.’
– From the preface by Christopher Freeman, SPRU – Science and Technology Policy Research, University of Sussex, UK and Maastricht University, the Netherlands
Contents
Contents: Part I: Innovation Theory: Status and Problems PartII: Measurement of Innovation Part III: Practice: Exemplary Problems in Innovation Analysis Part IV: Outlines and Outlook Index
