Application of Schumpeter’s Theory of the Innovation to Economic Development

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25619161%3A_____%2F16%3AN0000046" target="_blank" >RIV/25619161:_____/16:N0000046 - isvavai.cz</a>
Result on the web
<a href="http://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf" target="_blank" >http://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Application of Schumpeter’s Theory of the Innovation to Economic Development
Original language description
This paper applies Schumpeter's theory of the business cycle, based on the original Schumpeterian model, to economic development in the United States during the period 1963 -2010. The issue is examined from the perspective of various economic sectors, with a focus on the financial sector. Key concepts mentioned in the theory of the business cycle are quantified and then put into context with the development of the economy or selected region. Schumpeter mentioned five elements of innovation, which are quantified, performed primarily on the basis of submitted and accepted applications for new patents and utility design. The output of the analysis is an index which aggregates the individual elements of innovation. The results show that before an economic downturn in the sector, a significant increase in the output index is recorded.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Hradecké ekonomické dny - Recenzovaný sborník mezinárodní odborné konference Hradecké ekonomické dny 2016
ISBN
978-80-7435-636-0
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
817-823
Publisher name
Gaudeamus
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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