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Innovation and Growth - From R&D Strategies of Innovating Firms to Economy-wide Technological Change (Hardcover)
Loot Price: R4,159
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Innovation and Growth - From R&D Strategies of Innovating Firms to Economy-wide Technological Change (Hardcover)
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This volume provides an understanding of firms' R&D and
innovation strategies and their economy-wide consequences. It is
based on the premise that differences in firm-level returns, as
well as economy-wide outcomes, may be linked to the heterogeneous
ways in which firms organize and undertake R&D and innovation
activities. It emphasizes innovation strategies of innovating
firms, and reflects that innovation efforts do not represent a
uniform type of expenditure. Organized into three parts the volume
moves from the micro to the macro-level. This structure highlights
the notion that R&D and innovation and growth are two
interdependent perspectives. The first of these is micro-oriented
and focuses on innovation processes of firms, where R&D
activities and other innovation efforts give rise to consequences
such as a strengthening of resource bases, growth of sales and
employment, patents, new products, increasing productivity and
profits, and improved chances of survival. The second perspective
comprises economy-wide effects in the form of overall technological
change, growth in total factor productivity, and structural change
processes, where certain sectors may benefit from new inputs from
other sectors while others experience declining markets and reduced
output. The book brings together contributions and perspectives
from both economics and business scholars, and will appeal to
academics, researchers, and students interested in R&D and
innovation strategies, international business, business strategy,
and the economics of technological change.
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