IDEAS home Printed from https://ideas.repec.org/a/nwe/eajour/y2019i4p549-559.html
   My bibliography  Save this article

Technology, Innovations and Industrial Development

Author

Listed:
  • Nikolay Sterev

    (University of National and World Economy, Sofia, Bulgaria)

  • Hector Gerardo Toledo Rosillo

    (Autonomous University of Queretaro (UAQ), Mexico)

Abstract

Technology development, inventions and innovations are at the heart of the contemporary economic development and industrial growth. The continuous internationalisation and the fostering of social and business networking are two main forces that change not just society but overall development. Furthermore, they lead to a shift in global aims and objectives. Despite the economies, technologies and political systems, inventions and innovations have never stopped for a while over the last 4 centuries. They are always an instrument that strengthen the state and make life better. To manage overall growth, governments need to shape inventions and innovations in the right direction. Hence, the contemporary industrial policy is based on clear evidence of a strong link between past innovations and growth and expectations about their future dynamic change. The main research question is how innovations, economic development and growth, and National Economic Goals are, or should be, inter-connected. Thus, the paper aims to make a brief review of contemporary research in the field of innovations, industrial growth based on innovations, and innovations strategies. The structure of the paper is as follows: 1. Introduction: the problem and basic concepts; 2. Literature overview: a brief review on the innovations and their role for the economic development; 3. Methodological approach: discussion on evaluating economic growth and its dependence on innovations; 4. Policy recommendations: some main features of the Growth and Innovation Strategy 2020; 5. Conclusions: some remarks on the future development.

Suggested Citation

  • Nikolay Sterev & Hector Gerardo Toledo Rosillo, 2019. "Technology, Innovations and Industrial Development," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 549-559, December.
    • Handle: RePEc:nwe:eajour:y:2019:i:4:p:549-559
    as

    Download full text from publisher

    File URL: https://www.unwe.bg/doi/eajournal/2019.4/EA.2019.4.04.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bo Carlsson & Gunnar Eliasson, 2003. "Industrial Dynamics and Endogenous Growth," Industry and Innovation, Taylor & Francis Journals, vol. 10(4), pages 435-455.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lindholm-Dahlstrand, Asa & Andersson, Martin & Carlsson, Bo, 2016. "Entrepreneurial Experimentation: A key function in Entrepreneurial Systems of Innovation," Papers in Innovation Studies 2016/20, Lund University, CIRCLE - Centre for Innovation Research.
    2. Karl Wennberg & Karin Hellerstedt, 2011. "Evolution of knowledge intensive firms: a sociogeographic demand side perspective," ERSA conference papers ersa10p1585, European Regional Science Association.
    3. Nikulainen, Tuomo & Kulvik, Martti, 2009. "How General Are General Purpose Technologies? Evidence from nano-, bio- and ICT-technologies in Finland," Discussion Papers 1208, The Research Institute of the Finnish Economy.
    4. Freddi, Daniela, 2009. "The integration of old and new technological paradigms in low- and medium-tech sectors: The case of mechatronics," Research Policy, Elsevier, vol. 38(3), pages 548-558, April.
    5. Åsa Lindholm-Dahlstrand & Martin Andersson & Bo Carlsson, 2019. "Entrepreneurial experimentation: a key function in systems of innovation," Small Business Economics, Springer, vol. 53(3), pages 591-610, October.
    6. Vesa Puhakka, 2007. "Effects of Opportunity Discovery Strategies of Entrepreneurs on Performance of New Ventures," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 16(1), pages 19-51, March.
    7. Mathews, John A., 2007. "Biofuels: What a Biopact between North and South could achieve," Energy Policy, Elsevier, vol. 35(7), pages 3550-3570, July.
    8. Nikulainen, Tuomo, 2007. "Identifying Nanotechnological Linkages in the Finnish Economy - An Explorative Study," Discussion Papers 1101, The Research Institute of the Finnish Economy.
    9. Hu, Mei-Chih & Hung, Shih-Chang, 2014. "Taiwan's pharmaceuticals: A failure of the sectoral system of innovation?," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 162-176.

    More about this item

    Keywords

    innovations; technology; industrial development;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    Statistics

    Access and download statistics

    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:nwe:eajour:y:2019:i:4:p:549-559. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    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.