IDEAS home Printed from https://ideas.repec.org/a/mes/prectr/v41y1998i2p14-22.html
   My bibliography  Save this article

Preconditions for Overcoming the Innovation Crisis

Author

Listed:
  • Iu. Iakovet

Abstract

Innovation activity is the most flexible indicator of the condition and competitiveness of an economy. When this activity dies out, the national economy loses its positions in markets; the production apparatus ages rapidly; and investment, technological, and economic crises develop quickly. Income and budget receipts drop, and there is nothing with which to pay wages and pensions. With the expansion of base innovations, an investment boom begins as a precondition of overcoming crisis and depression, and moving to the resurgence and expansion of production. This mechanism of the cyclical dynamic of science, innovation, engineering, and economics has been affirmed by the experience of many countries that have passed through the phases of medium-term and long-term (Kondrat'ev) cycles for almost two centuries.

Suggested Citation

  • Iu. Iakovet, 1998. "Preconditions for Overcoming the Innovation Crisis," Problems of Economic Transition, Taylor & Francis Journals, vol. 41(2), pages 14-22.
  • Handle: RePEc:mes:prectr:v:41:y:1998:i:2:p:14-22 DOI: 10.2753/PET1061-1991410214
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/PET1061-1991410214
    Download Restriction: Access to full text is restricted to subscribers.

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

    More about this item

    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:mes:prectr:v:41:y:1998:i:2:p:14-22. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/MPET20 .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.