From The Idea Of An Innovative Person By Mr. Joseph Alois Schumpeter To A Concept Of Innovative Development Of Socioeconomic Systems

Yuri Persky, Julia Dubrovskaya

Abstract


The article attempts to extrapolate the innovative key ideas of Joseph Alois Schumpeter for more complex multi­level socioeconomic systems. A hypothesis of  a hierarchical approach to the research study of the innovation development is introduced, which  explains that an “inter­ level interaction” contains an extensive effective potential represented as synergy effects of different kinds which  are reflecting one of the major well­known properties of any system – emergence property. Based on  an econometric modelling of cross­country indicators, a hypothesis confirmation is provided on an example of the local government system as a factor of harmonizing the economic entities interests at different hierarchical levels.


Keywords


Innovative development, Inter-level interaction, System of local government, Institutions

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References


Rothwell, Roy. "Successful Industrial Innovation: Critical Factors for the 1990s." R&D Management, 22.3 (1992): 221­239.

Schumpeter, Joseph Alois. The theory of economic development (Research of enterprise profit, the capital, the credit, percent and a cycle of a conjuncture). Moscow: Progress, 1982.

The Annual Reports: Economic Freedom of the World. 1970 ­2009. Vancouver. The Fraser Institute. 15 Nov. 2009.

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The Human Development Reports. 1990­2009. New York. United Nations Development Programme. 15 Oct. 2009. .




DOI: http://dx.doi.org/10.12955/ejbe.v6i0.141

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