IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v201y2024ics0040162524000581.html
   My bibliography  Save this article

Social innovations mediate technology and economy in the Kondratieff waves

Author

Listed:
  • Hu, Mei-Chih
  • Phillips, Fred
  • Wu, Ching-Yan

Abstract

Technological advances enable new ways of economic organization and social benefit. Examining relevant history back to 1642, we find that social innovations are necessary mediators between technological advance and economic expansion – and that modes of communication and coordination have long been ignored in the study of economic waves. Accordingly, we perceive the Internet-of-Things as a powerful mechanism of social innovation in the sixth Kondratieff wave. This study provides an alternative explanation to re-conceptualize past Kondratieff waves which may guide forecasting and shorten the waiting time for the arrival of economic expansion.

Suggested Citation

  • Hu, Mei-Chih & Phillips, Fred & Wu, Ching-Yan, 2024. "Social innovations mediate technology and economy in the Kondratieff waves," Technological Forecasting and Social Change, Elsevier, vol. 201(C).
    • Handle: RePEc:eee:tefoso:v:201:y:2024:i:c:s0040162524000581
    DOI: 10.1016/j.techfore.2024.123262
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162524000581
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2024.123262?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:201:y:2024:i:c:s0040162524000581. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.