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The role of innovations stimulation in modern economic theory


Aleksandr Lukin, Yuriy Uzkikh, Sergey Nikolaev, Aleksandr Muradov
(about the authors)

Lukin Aleksandr Evgenyevich –

Uzkikh Yuriy Aleksandrovich –

Nikolaev Sergey Dmitrievich –

Muradov Aleksandr Vladimirovich –

Published in:
Creative Economy
– № 8 / August, 2010



Keywords: economic theory, fiscal policy, government innovation stimulation, innovation development, innovative economics


Citation:
Aleksandr Lukin, Yuriy Uzkikh, Sergey Nikolaev, Aleksandr Muradov (2010). The role of innovations stimulation in modern economic theory. Creative Economy, 4(8), 3-8. — url: http://bgscience.ru/com/lib/421


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Abstract:

This article is devoted to analysis of the main economic doctrines in the context of government role in innovation encouragement. It systematizes the main theses of economic theories of the second half of the XX century: neoclassical and new Keynesian economics. Special attention is paid to the analysis of new economic paradigm, known as neo-Schumpeterian economics. Findings of the work may be useful for practical government innovation stimulation measures, which mostly depend on chosen paradigm.








References:
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Debate been asking the Wrong Questions? // The information technology & innovation foundation – 2008, [Elektronnyy resurs]. URL: http://www.itif.org/files/EconomicDoctrine.pdf (data obrascheniya 26.10.2009).
2. W. Baumol, Free Market Innovation Machine: Analyzing the Growth Miracle of Capitalism // Princeton, New Jersey: Princeton University Press, 2002.
3. E. Beinhocker, The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics // Boston, Massachusetts: Harvard Business School Press, 2006.
4. E. Helpman, The Mystery of Economic Growth // Cambridge, Massachusetts: Belknap Press, 2004.
5. R. Lipsey, K. Carlaw and C. Bekar, Economic Transformations // New York: Oxford University Press, 2005.
6. J. Schumpeter, The theory of economic development: An inquiry into profits, Capital, Credit, Interest and the Business Cycle // New Jersey: Transaction Publishers, 1983.
7. C. Weller and A. Logan, Ignoring Productivity at Our Peril: Slowing Productivity Growth and Low Business Investment Threaten Our Economy // Washington, D.C.: Center for American Progress, 2007.

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