IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v13y2003i5p549-576.html
   My bibliography  Save this article

Nonlinear dynamism of innovation and business cycles

Author

Listed:
  • Masaaki Hirooka

Abstract

The aim of this paper is to describe the nonlinear dynamism of innovation and to clarify the role of innovation for economic development in terms of Kondratiev business cycles, especially the causal relation of the bubble economy and depressions with innovations. Any paradigm of technological innovation develops within a definite time span reaching maturity. This nonlinear nature clarifies many characteristic features of innovation. Schumpeter’s innovation theory on business cycles is examined through this dynamism. Trunk innovation is defined as that which plays a decisive role in building infrastructures and inducing subsequent innovations. Every innovation has its own technological development period just before the innovation diffusion. The emergence of new markets can be estimated by chasing the ongoing technologies. Copyright Springer-Verlag Berlin/Heidelberg 2003

Suggested Citation

  • Masaaki Hirooka, 2003. "Nonlinear dynamism of innovation and business cycles," Journal of Evolutionary Economics, Springer, vol. 13(5), pages 549-576, December.
    • Handle: RePEc:spr:joevec:v:13:y:2003:i:5:p:549-576
    DOI: 10.1007/s00191-003-0172-x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00191-003-0172-x
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00191-003-0172-x?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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aguado, Itziar & Echebarria, Carmen & Barrutia, José M., 2008. "El desarrollo sostenible a lo largo de la historia del pensamiento económico [The sustainable development along the history of the economic thought]," MPRA Paper 29035, University Library of Munich, Germany, revised 2009.
    2. Ichkitidze, Yuri, 2018. "Temporary price trends in the stock market with rational agents," The Quarterly Review of Economics and Finance, Elsevier, vol. 68(C), pages 103-117.
    3. Schmoch, Ulrich, 2007. "Double-boom cycles and the comeback of science-push and market-pull," Research Policy, Elsevier, vol. 36(7), pages 1000-1015, September.

    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:spr:joevec:v:13:y:2003:i:5:p:549-576. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.