6533b828fe1ef96bd1288529

RESEARCH PRODUCT

Education, Innovation and Economic Development

Anca ŞErbanRamona Todericiu

subject

EntrepreneurshipEconomic growthcompetitiveness050208 financeHF5001-6182Social PsychologyHigher educationbusiness.industry05 social sciencesEconomics Econometrics and Finance (miscellaneous)Social changeeconomic developmentinnovationhigher education0502 economics and businessInnovation economicsEconomicsBusiness Management and Accounting (miscellaneous)Business050211 marketingEconomic systembusinessBusiness managementOrganizational level

description

Abstract Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation-economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.

https://doi.org/10.1515/sbe-2016-0029