To see the other types of publications on this topic, follow the link: Diffusion of innovations – Economic aspects.
Journal articles on the topic 'Diffusion of innovations – Economic aspects'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Diffusion of innovations – Economic aspects.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Nikishyn, Yevhen. "ASPECTS OF THE DIFFUSION THEORY OF INNOVATIONS AND LOGISTISATION OF AGRICULTURAL INDUSTRY OF UKRAINE." Economic Analysis, no. 28(2) (2018): 49–56. http://dx.doi.org/10.35774/econa2018.02.049.
Full textAbstract:
The article is devoted to theoretical aspects of diffusion of innovations, as the conditions of logistics of the agro industrial complex of Ukraine. The concept of innovation-economic niche as a separate system with the potential of making innovations, the development of which creates competitive advantages, is formulated. New types of diffusion are classified on the basis of decision-making mechanisms by innovators. The diffusion models are considered, the descriptions of specific features of the behaviour of the dissemination of innovations in the reaction-diffusion structure are studied and made taking into account the system-regulatory factors. The principle of informational conditionality of economic phenomena as the basis of distribution of diffusion is formulated. The existence of a cascade effect in the diffusion of basic innovations has been determined; the necessity of the accompanying innovations has been substantiated. The causal relationship between the influence of system-regulatory factors on diffusion, the emergence of a cascade effect, the formation of clusters of innovations and the general influence on the Kondratiev cycles have been investigated.
2
DRURY, D. H., and A. FARHOOMAND. "INNOVATION DIFFUSION AND IMPLEMENTATION." International Journal of Innovation Management 03, no. 02 (June 1999): 133–57. http://dx.doi.org/10.1142/s1363919699000074.
Full textAbstract:
Economic progress continues to be greatly influenced by the development and adoption of innovations. Maintaining momentum necessitates understanding factors that influence the choices made by organisations. Diffusion and implementation research have each sought to understand necessary conditions and motivations and to identify obstacles. Whether these two areas of research have the same determinants, overlap, or are separate is controversially affecting the interpretation of current research. This issue is the subject of this paper. The empirical investigation compares variables of the diffusion chronology with the choice decision in implementation. This macro-level analysis reveals that the two areas are connected but there are also substantial differences. The results of this study reconfirm the emerging evidence in the literature that the innovation adoption decision should not be treated as a dichotomous organisational choice. Furthermore, the evidence strongly points to the need to develop integrative theories that include the chronological aspects of the innovation adoption process.
3
EBELING, W., and A. SCHARNHORST. "DYNAMICS OF ECONOMIC AND TECHNOLOGICAL SEARCH PROCESSES IN COMPLEX ADAPTIVE LANDSCAPES." Advances in Complex Systems 04, no. 01 (March 2001): 71–88. http://dx.doi.org/10.1142/s0219525901000139.
Full textAbstract:
We investigate the dynamics of economic evolution and technological change as hill-climbing in an adaptive landscape over a continuous characteristics space. A technology/firm is described by a large number of attributes or characteristics representing technology-inherent aspects, financial, organizational and economic features. These parameters span a characteristics space, which is a real Euclidean vector space, in analogy to the phenotype space in biology. Further we define a real-valued multimodal fitness function/functional and a population density over the characteristics space. The evolutionary dynamics including competition and mutations/innovations is modeled by reaction-diffusion equations of Fisher–Eigen or Lotka–Volterra type. We demonstrate the potential of such models, which in certain aspects go beyond the widespread applications of discrete replicator dynamics. Concerning technological change the emergence of technological populations as the result of a search process in an adaptive landscape will be investigated. In particular, the relation between incremental and radical innovations will be considered, especially the apparent paradox of a discrete continuum of technological change. Further, an application of the developed framework to the assessment of firms in the stock market is discussed.
4
Pulatov, Alim, Dušan Húska, Davran Abdullaev, and Darya Hirsch. "Reforms in Rural Development and their Influence on Agricultural Extension of Uzbekistan: Experience and Challenges in Water Management." Acta Regionalia et Environmentalica 13, no. 1 (May 1, 2016): 1–5. http://dx.doi.org/10.1515/aree-2016-0001.
Full textAbstract:
Abstract Nowadays science applies agricultural innovations in a wide range all over the world; however, number of water users in innovations is in smaller amounts. This might happen to a number of factors, for example lack of adequate knowledge exchange system, nominal extension services at places, lack of well-defined policies, barriers in ‘human’ minds change’, barriers at policy level. As for Uzbekistan, it could be said that practice of extension of innovations application and its diffusion in agricultural irrigation sector in Uzbekistan does not have much experience, however, before 1991 Uzbekistan was one of the Soviet Unions’ republics and as it is known, the Soviet Union had high practice in innovations in different sectors, as well as in agriculture. Although, since independence, Uzbekistan has continued to experience innovations in agricultural sector independently, their diffusion is at a challenging shape. This article captures the policy issue, how Uzbekistan started to develop water management issues in its economic reforms, it describes a case research on application of innovative technique on a farm level and accordingly, it tries to propose the aspects that need to be involved in future reforms to make the current situation be better managed.
5
Alsharari, Nizar M. "The Diffusion of Accounting Innovations in the New Public Sector as Influenced by IMF Reforms." International Journal of Actor-Network Theory and Technological Innovation 8, no. 4 (October 2016): 26–51. http://dx.doi.org/10.4018/ijantti.2016100103.
Full textAbstract:
This paper aims to explain the diffusion of management accounting innovations within the public sector in Jordan as influenced by IMF reforms. It is concerned with the diffusion of management accounting systems viewed as a process of actor-network building and translation. The paper presents an interpretive case study by drawing on Actor-Network Theory (ANT). The aim is to better understand the nature of accounting systems. The study recognizes that accounting innovations in Public Financial Management over the last decade were central to the rise of the New Public Management (NPM) doctrine and its associated ideas of Results Based Management (RBM) and public accountability, of which accounting is a key element. The study also concludes that the diffusion process implied three isomorphic interests; i.e. it created pressure for similar reforms and structural changes in many governmental aspects, especially the ways of thinking and doing. It thus provides a discernible conclusion through exploring the processes of accounting change as influenced by the tenets of ANT. Like Chua (1995), it has examined accounting change as a process of ‘fabrication'. Accounting innovations are constructions (Andon et al., 2007), often built on a wide array of social, economic and political factors. There have been several studies of the public sector transformation following IMF reforms but this paper has a different focus: the diffusion and adoption of management accounting systems within the new public sector. The paper discusses the findings of an interpretive case study, which is Ministry of Finance (MOF) in Jordan. The results of the study indicate that diffusion and adopting of accounting innovations by MOF is largely affected by the government influence, and these innovations usually occurred “beyond the enterprise” as well as within it. The study contributes to both accounting literature and Actor-Network Theory by providing more understanding and explanation about the dynamics of accounting innovations in the public sector. This paper has interesting findings, but also points to the need for more studies about the diffusion of accounting innovations in the public sector.
6
Caiazza, Rosa, Nicolai Foss, and Tiziana Volpe. "What we do know and what we need to know about knowledge in the growth process." Journal of Organizational Effectiveness: People and Performance 3, no. 2 (June 6, 2016): 191–203. http://dx.doi.org/10.1108/joepp-03-2016-0022.
Full textAbstract:
Purpose – There is evidence for major positive effects of knowledge transfer and innovation diffusion on economic growth. Much research has addressed schooling, training, and other aspects of human capital accumulation, but less emphasis has been placed on the interaction between firms and other organizations as a key driver of the development of new knowledge and its economic use. There is an extensive body of literature that discusses various aspects of knowledge transfer and innovation diffusion between firms, and this literature may serve as a microfoundation for understanding the role of knowledge in the growth process. However, we need to understand the role of the entrepreneur as a missing link between knowledge and innovation. The purpose of this paper is to outline some foundations of endogenous (externally driven) growth models, and uses the knowledge spillover theory of entrepreneurship to propose a new model of latent and emergent entrepreneurship. Design/methodology/approach – The paper uses the method of conceptual analysis to structure the literature and its assumptions. The authors review in broad terms what we know in the space of knowledge and growth, and what we still need to know. The authors curate informed views on the topic of knowledge and the way that entrepreneurs contribute to innovation diffusion. Findings – The paper develops a new perspective on knowledge. Starting from the role of knowledge as a core element in the microfoundations of endogenous growth models, it uses the knowledge spillover theory of entrepreneurship to propose a new model of latent and emergent entrepreneurship. Practical implications – The paper uses knowledge spillover theory to lay out a more complete and more realistic process through which knowledge gets converted into realized innovations, and as such, it makes the intervention points through which people management can facilitate organizational effectiveness through innovation more transparent. Originality/value – The paper provides guidance for future researchers on knowledge and innovation diffusion. It encourages innovation in our thinking about the role of knowledge, and allows scholars to combine perspectives more flexibly both across levels of analysis (macro and micro), and across disciplines (economy and management).
7
Haryati, Haryati. "Hubungan Antara Karakteristik Sosial Ekonomi Dengan Pengambilan Keputusan Inovasi Siaran Televisi Digital." Jurnal Penelitian Komunikasi 16, no. 2 (November 14, 2013): 119–36. http://dx.doi.org/10.20422/jpk.v16i2.35.
Full textAbstract:
Migration from analog to digital technology, requires a lot of preparation, both from the side of the device, the regulation of the broadcasting industry, and the society. This study refers to the Diffusion of Innovations theory (the theory of Diffusion of Innovation) (Rogers, 1986) that try to explain how an innovation (technology) can be accepted into the community, through a process of decision. The aim of the research is to find out the relationship between socio-economic characteristics of the innovation and decision-making broadcast of digital television. This research uses a quantitative approach with descriptive methods aim to find out the relationship between socio-economic characteristics of the innovation and decision-making broadcast of digital television. The research was carried out in seven counties/cities in West Java Province and Banten Province. The selection of samples is carried out by Multistage Random Cluster Sampling. The number of samples as many as 813 people assigned by Proportional Sampling techniques, with the character category of respondents age 15 years until 64 years. Significance test results with the method at the rate of 5% Pearson pointed out that, the relationship between innovation decision-making variables with socio-economic characteristics on three aspects, namely, education, income, and spending is weak and insignificant, while on access to information, the value of relationships and significant. This suggests the necessity of strengthening the capacity of absorption of community efforts in the face of digital broadcast television, can be done by fixing the value of any existing components on the operational level. As a priority, is how the effort to improve the economy of society, especially in terms of education, income, and expenditure permonth.
8
Patria, Teguh Amor. "Diffusion of Urban Heritage Tourism in Post-Colonial Bandung (A Case Study of Heritage Building Authorities)." Advanced Science Letters 21, no. 4 (April 1, 2015): 705–8. http://dx.doi.org/10.1166/asl.2015.5889.
Full textAbstract:
This paper is based on a research into diffusion of urban heritage tourism as an innovation among heritage building authorities in post-colonial Bandung, Indonesia. Sixteen respondents were taken as samples, all of whom were authorities of protected heritage buildings located along a heritage trail frequented by residents and visitors. The research used qualitative methods and the data was obtained through questionnaires and in-depth interviews in early 2012. It applied Diffusion of Innovations concept on the actual condition and managed to identify the following findings: at Knowledge stage, it was activities undertaken by the respondents during their childhood that became the foundation of their awareness of the innovation; at Persuasion stage, it was non-economic, intangible aspect that dominated the benefits perceived from the innovation; and at Decision stage, the respondents agreed to adopt the innovation. The diffusion process had taken a period of 18 to 48 years to reach Decision stage. The respondents’ characteristics matched the Innovator and Early Adopter type. Summary of findings introduces some additional benefits of heritage tourism.
9
Preobrazhenskiy, Yuri, and Anna Firsova. "Re-balancing of intensive and extensive factors in the center-peripheral system under the influence of technological development." Journal of the Geographical Institute Jovan Cvijic, SASA 71, no. 1 (2021): 59–74. http://dx.doi.org/10.2298/ijgi2101059p.
Full textAbstract:
Regional development prospects depend on a set of factors, among which the most essential are the population density, distance between actors, and the level of development. Those aspects are revealed, on one hand, while analyzing the type of regional development (intensive or extensive), and on the other hand, from the standpoint of the center-peripheral model. An assessment of the sectoral structure of employed people in the economy of the region and the population density are also used to identify the development type. The combination of these approaches makes it possible to identify the regional capacity for innovations diffusion and knowledge spillover. The aim of the research is to assess regional differences in the economy sectoral structure for identifying the innovative and extensive types of Russian regions. There are other methods used in the research as well: cartographic analysis, structural-sectoral analysis, and typology. The types of regions characterized by disproportions of intensive and extensive development have been identified. Measures are proposed to realize the regional economic potential. The issues of the territorial transformation of the settlement system and economic space are discussed. Further research is associated with an extended analysis of intensive development factors and cross-county comparison of the factors of innovations diffusion intensity and knowledge spillover.
10
Dimitrijević, Dragan. "Theses for new strategies of development of textile and clothing industry: Part 2." Tekstilna industrija 69, no. 1 (2021): 36–46. http://dx.doi.org/10.5937/tekstind2101036d.
Full textAbstract:
An important element of the policy of development and modernization of each country is the establishment of a program of balanced long-term development, which must be complementary with strategic priorities and national characteristics, as well as the real state and prospects of technical and technological development of science and industry. Therefore, manufacturing entrepreneurship today, would have to combine scientific research activities, education sector and public administration with production, in order to ensure efficient acquisition of new knowledge and skills, along the generation and production-economic valorization of innovations and diffusion and implementation of technical-technological innovations and new technologies, with priority reliance on ICT (information and communication technologies). It is obvious that sustainable competitiveness, in times of general and business globalization, is no longer in quantitative-qualitative aspects of production, but in new elements of production specialization, adequate and timely implementation of technical-technological innovations, in organizational innovations, in the way cluster business and in global efficiency, as well as in close and flexible connection of design, planning, production technologies and production, with the possibility of quick response (JustInTime and QuickResponseSystem) to the changes required by the market. That is why today the issue of redefining the way of work and business of textile/clothing industry companies is more than current, in fact the issue of redefining the strategic programs of economic development of developing countries.
11
Danilin, I. V., and Z. A. Mamedyarov. "The Role of Global Platforms in Advancing Digital Transformation: Competence and Innovation Aspects." MGIMO Review of International Relations 13, no. 3 (July 8, 2020): 267–82. http://dx.doi.org/10.24833/2071-8160-2020-3-72-267-282.
Full textAbstract:
In the last decade, the foundations of the digital economy have been formed with Internet platforms becoming its largest and most important segment. According to the authors, one of the key problems associated with the development of the digital economy and of Internet platforms is the diffusion of existing and generation of the new competencies. This is important both for platform users and partner companies. The article analyzes the role of platforms in this process and highlights the main channels for competence diffusion. Firstly, individual and, secondly, institutional dimensions of these processes are defined. In the first case, the authors elaborate on the ways of developing user competencies - both basic and specialized. In the second case, the article focuses on the distribution of organizational and institutional competencies, and best practices among partner companies and participants in corporate ecosystems of platforms. For the partners the primary conditions for acquiring new competencies depend, firstly, on a system of organizational and economic requirements of the platforms. Secondly — on specific digital interfaces. Growth and improvement of services, technology, dynamics and principles of platform market organization provide formation and diffusion of more complex economic and technical competences of digital economy. It is shown that a new powerful source of development and transfer of promising technological and economic competences within the extended platform ecosystems is also being formed. The scope of operations of modern digital platforms, their composition, engagement of all key groups of actors in the innovation processes (including consumers) create unique opportunities for further development of this area.
12
Nijkamp, P., and W. Stöhr. "Technology Policy at the Crossroads of Economic Policy and Physical Planning." Environment and Planning C: Government and Policy 6, no. 4 (December 1988): 371–74. http://dx.doi.org/10.1068/c060371.
Full textAbstract:
Technology policy must be considered as a tailor-made endeavour towards the creation of specific innovative activities in specific sectors and at specific locations. It therefore cannot be implemented only from the national level but must be aimed at mobilizing also the self-organizing potential at regional and local levels. Technological change and regional structures turn out to be closely interrelated. For this theme issue contributions have been invited on general aspects of technology policy (Zegveld), on its regional implications (Malecki and Nijkamp), and on the relevance of sectoral policies and entrepreneurial strategies on the spatial diffusion of innovations (Dyckman and Swyngedouw). In further papers, three spatial types of technology policy are represented: A spatially deconcentrated major technology project in the form of the French technology city Sophia-Antipolis (Perrin), a decentralized three-tier national technology policy in Japan (Kawashima and Stöhr), and a federal setting of technology policy in the case of the USA (Premus). In drawing conclusions from the papers in this theme issue, its editors discuss the question of how technology policy and regional policy can join to help create a broad entrepreneurial and innovative climate at the local scale.
13
Omelyanenko, V. A. "Socio-cultural basis of communities innovation development: archetypical approach." Ukrainian Society 76, no. 1 (April 8, 2021): 30–40. http://dx.doi.org/10.15407/socium2021.01.030.
Full textAbstract:
Based on the analysis of modern theories and practical approaches to local development management, the author determined that many successful strategies for community revival are based on the ability of society and business to self-organize at the local level. The author identifies the formation factors of local innovation archetypes and the resource base of innovation development of communities. One of the main aspects of the formation of local innovation archetypes is the development of mechanisms for the public choice of the innovation process priorities and their implementation, and creating tools for broad information support and promotion of innovative ideas to create success stories. It is determined that the main tasks of local community development practices are capacity building and community empowerment, the transformation of local residents from actors into actors, development of participatory democracy and involvement of residents in the development of the territory (enhanced participation). The author substantiates that regional (local) innovation landscapes are more suitable for developing complex interactions and capital formation of ties as competitive advantages. The territories are communities of economic interest and can take advantage of ties and joint activities of economic entities. Implicit knowledge (cooperation between educational institutions, research institutions, business, staff relocation, public-private sector interaction, technology diffusion, etc.) in the measurement of networks depend heavily on coordination and are necessary for various innovations. Based on the analysis of local development theories, it is substantiated that the most effective tool developing of local communities is to involve people in joint activities aimed at achieving the public good or benefit for all participants. Examples of the best world experience and practices in involving communities in solving local development issues are considered.
14
Wysokińska, Zofia. "Innovation Policy of the European Union – Overview of Theoretical Foundations and Empirical Aspects." Journal of Vasyl Stefanyk Precarpathian National University 4, no. 3-4 (December 29, 2017): 9–20. http://dx.doi.org/10.15330/jpnu.4.3-4.9-20.
Full textAbstract:
The aim of this article is to analyse the directions and instruments of the innovation policy of the European Union, showing how its theoretical and structural underpinnings influence innovation, which is considered one of the main factors in enhancing the competitiveness of both enterprises and countries on the international market. The article also analyses how technology transfers and knowledge exchanges (spillovers) influence changes in international competiveness at both the micro- and macro-economic levels, as well as the significance of the internationalization of enterprises resulting from Foreign Direct Investment (FDI) in terms of the diffusion of innovative processes at both the European and international levels. In this regard special attention is given to the financing of R&D in the successive Framework Programmes of the European Union aimed at supporting innovation
15
Saeed, Khawaja A., and Jingjun (David) Xu. "Understanding diffusion of information systems-based services: evidence from mobile banking services." Internet Research 30, no. 4 (April 30, 2020): 1281–304. http://dx.doi.org/10.1108/intr-01-2019-0008.
Full textAbstract:
PurposeThe Bass model is widely used in the literature to capture the diffusion of innovations and shows excellent predictive power in the context of durable goods. However, the model's efficacy fades when services are the target of analysis. Services that users adopt and subsequently utilize regularly are regarded as a continuous process that entails the possibility of dis-adoption and re-adoption. These aspects are not accounted for in the traditional Bass model. Thus, this study extends the Bass model to information system (IS)-based services by taking into account the unique nature of service adoption: the possibility of dis-adoption and re-adoption.Design/methodology/approachThe proposed hypotheses were empirically tested using a longitudinal study of mobile service usage over 18 months. The longitudinal design provides a stronger position than the typical cross-sectional survey to understand the dynamics and infer causality.FindingsResults show that the inclusion of the dis-adoption and re-adoption rates in the Bass model significantly improves the explanatory power over the traditional Bass model.Originality/valueConsumption of services delivered through IS has exponentially increased. However, understanding on the diffusion pattern of IS-based services is limited. Our study is the first to examine the effect of dis-adoption and re-adoption together in the innovation diffusion process. The study offers significant implications for researchers and practitioners. The extended Bass model can help service firms develop an accurate prediction about the number of adopters at different periods of time.
16
Saiz, Albert. "Bricks, mortar, and proptech." Journal of Property Investment & Finance 38, no. 4 (March 23, 2020): 327–47. http://dx.doi.org/10.1108/jpif-10-2019-0139.
Full textAbstract:
PurposeDigital and information technologies (IT) are becoming silently pervasive in old-fashioned real estate markets. This paper focuses on three important avenues for the diffusion of IT in commercial real estate: online brokerage and sales, the commoditization of space and Fintech in mortgage and equity funding. We describe the main new markets and products created by this IT revolution. The focus is on the pioneering US market, with some attention devoted to the specific firms and institutions taking these innovations into the mainstream. We also carefully analyze the economic underpinnings from which the new technologies can expect to generate cash flows, thus becoming viable—or not. Finally, we discuss their likely impact on established players in the commercial real estate arena.Design/methodology/approachIn this paper, the author chooses to focus on three separate arenas where the IT revolution—sometimes referred to as Proptech, as applied to real estate—is having discernible impacts: sales and brokerage, space commoditization and online finance platforms. The author invites the reader to think seriously about the economic fundamentals that may—or may not—sustain new business models in Proptech. Real estate economists and investors alike need to be critical of new business models, especially when they are being aggressively marketed by their promoters. Trying to avoid any hype, the author provides thoughts about the likely impact of the innovations on their markets, guided by economic and finance theory, and previous experience.FindingsThe author evaluates the evolution of commercial real estate brokerage. While innovations will, no doubt, have an impact on the ways in which we buy and lease commercial properties, the lessons from the housing market should make us skeptical about the possibility of the new technologies dramatically facilitating disintermediation in this market. In fact, new oligopolies seem to be emerging with regard to market data provision.Practical implicationsProptech will change some aspects of the real estate industry, but not others!Originality/valueAs change pervades the property industry, only a relatively few research pieces are illustrating or—more importantly—providing insights about the likely economic and financial impacts of IT penetration. Similarly, only a few papers have so far addressed the economic viability of the alternative business models of tech startups targeting real estate markets and transactions.
17
Sredojević, Dragoslava, Slobodan Cvetanović, and Gorica Bošković. "Technological Changes in Economic Growth Theory: Neoclassical, Endogenous, and Evolutionary-Institutional Approach." Economic Themes 54, no. 2 (June 1, 2016): 177–94. http://dx.doi.org/10.1515/ethemes-2016-0009.
Full textAbstract:
Abstract The aim of the research in this paper is to analyse the issue of the treatment of the category of technological changes within the main aspects of economic growth theory. The analysis of the key positions of neoclassical theory (Solow), endogenous approach (Romer), and evolutionary growth theory (Freeman) advocates has pointed to the conclusion that these approaches agree on the fact that the category of technological changes is a key generator of economic growth. Neoclassicists were the first to explicitly analyse the category of technological changes in growth theory. They exerted a strong influence on a large number of governments to allocate significant funds for scientific and research development, to stimulate the creation and diffusion of innovation. Supporters of endogenous theory also see the category of technological changes as a key driver of economic growth. Unlike neoclassicists, they emphasise the importance of externalities, in the form of technological spillover and research and development activities, for the creation and diffusion of innovation. Finally, evolutionary and institutional economists explore the category of technological changes inseparably from the economic and social environment in which they are created and diffused. Recommendations of this research can be of particular use to economic growth and development policy makers in the knowledge economy, whose basic and substantial feature is the so-called fourth industrial revolution
18
Zapototska, V. "PRICING OF REGIONAL HOUSING MARKETS, THEORETICAL AND APPLIED ASPECTS." Bulletin of Taras Shevchenko National University of Kyiv. Geography, no. 66-67 (2017): 138–46. http://dx.doi.org/10.17721/1728-2721.2017.66.23.
Full textAbstract:
The article covers the theoretical and applied principles of price formation for housing within regional markets. In research process was found that the development of the regional housing market is subordinated to the action of regional development theories and general economic theories (cost and price). Among the spatial theories the influence of theories of agriculture placing and industry, central places, geographical location of economy, the theories of “growth poles”, “diffusion of innovations”, “center-periphery theory”, “city-centrality”. Economic theories are theories which actually are based on market process, formation of free market and theories of market`s processes regulation. It is proved that such theories do joint influence on pricing and the pricing mechanisms. It is proved that such theories do common influence on price formation and the pricing mechanisms. It was found, that pricing is an objective process, for determining and establishing prices within the region, which occurs primarily at regional and local level, touching individual regional market and is subjected to regulation by the state. It was established, that the formation of regional housing markets are too difficult process and are indicated by a large number of factors influencing to the processes of its formation. Through theoretical generalization, we identified six groups of factors that have a direct and indirect impact on supply and demand on the regional housing market. To the first group of factors attributed territorial housing market factors, among which are selected location of the property, infrastructure providing of this territory and ecological situation. The second group of factors includes quality characteristics of housing, among which are: construction materials; working characteristics and wearing out; architectural and planning features of the property. The third group is represented by economic factors, which include income of population, income of developers or property developers; the overall level of development of a region or settlement; investment factor; mortgage factor speculative factor and construction industry development in general. Group of demographic-settlement factors include an assessment of the demographic situation, labor market in the region, migration processes, the system of settlement and security of this area. Legislative and legal factors manifested through the state and regional policy in the housing market, housing programs, taxation processes, lending insurance and in the housing market. Social and psychological factors include behavior and preferences of consumers, price expectations, seasonality, ethnic or religious characteristics of the region. Here are presented the dynamics and confirmed differentiation in housing prices within the largest cities in Ukraine and in the city of Kyiv.
19
Chanda, Udayan, and Alok Kumar. "Optimization of EOQ Model for New Products Under Multi-Stage Adoption Process." International Journal of Innovation and Technology Management 16, no. 02 (April 2019): 1950015. http://dx.doi.org/10.1142/s0219877019500159.
Full textAbstract:
The available literature on new product sales growth models mostly ignores two important aspects of technology diffusion: diffusion of awareness and the actual adoption. This characteristic of technology adoption is extremely important from inventory management perspective as buying decision is often influenced due to time lag between information propagation and actual adoptions. As high-technology market is extremely unpredictable, interactions between technological evolutions and customer feedback effects play an important role in technology diffusion. The demand models mostly considered in inventory literature to develop economic order quantity (EOQ) model ignore this important element of technology diffusion. In this paper, we proposed an EOQ model for high-technology products by incorporating customer feedback effects along with market heterogeneity to optimize the total inventory cost. The demand model considered in the paper follows lifecycle phenomenon and is sensitive to unit selling price. To remove any ambiguity pertaining to costs, fuzzy nature of ordering and inventory carrying cost is considered in the paper.
20
Kozubek, Elżbieta, and Zbigniew Strzelecki. "Contemporary Approach to Specialization in Mazovi." Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace, no. 4 (November 28, 2016): 119–38. http://dx.doi.org/10.33119/kkessip.2016.4.6.
Full textAbstract:
Supporting smart specialization, taking into account regional potential, makes sense in the case of probable, significant increase of a competitive advantage in the region. This should result in economic growth. In turn, countering dispersion of the EU support by indicating smart specialization of a given region, constituting one of the policy objectives for regions, does not guarantee development of these specializations, and therefore, economic growth. One must remember that development of given specializations is a result of the local-level processes, which determine the market and at the same time being the main stimulant for their formulation. The strategic objective should be the introduction of such a system which will generate innovations, taking into account the advanced technologies and their diffusion into less developed areas. Flexibility should be an important aspect, understood as the capacity of specific areas to modify the use of their own potential. It is important to shape and promote pro-innovative and proentrepreneurial stances. Designating smart specialization and supporting it with the EU funds cannot be a goal in itself, but a carefully considered and prudent financial policy.
21
LAIKO, O. I., and SERGIY I. KOVALENKO. "DESIGN OF EUROREGIONAL INNOVATION SYSTEM - "GROWTH POLE" OF PERIPHERAL ECONOMIC AREA." Economic innovations 21, no. 4(73) (December 20, 2019): 94–112. http://dx.doi.org/10.31520/ei.2019.21.4(73).94-112.
Full textAbstract:
Topicality. The topicality of the research is determined by the important role of innovative forms of cross- border cooperation in improving competitiveness of peripheral boundary regions, reducing of regional differentiation between cross border and internal regions, on one hand, and immaturity of theoretical and methodological aspects of studying the cross-border cooperation mechanisms, on the other. The reforming of the system controlling of the regional development involves the implementation of new quality of the regional strategy the aim of which is both to ensure the modernization of the country’s economy and to carry out complex and balanced development of peripheral (boundary) regions.Aim and tasks. The aim of the article under consideration is to offer theoretical and methodological provisions and practical propositions to justify the improvement tools of project planning of the European regional innovative systems with Ukraine as a participant of cross-border cooperation under the conditions of EU enlargement by means of creating transnational cluster systems – network industrial integration institutions – which have become the poles of economical growth and competitiveness of peripheral economic area. The task is to work out the theoretical provisions and methodological principles of strategic planning to create and develop cross-border cluster systems in different sectors of economy taking into consideration their potential role as the systems that are able to fulfil purposes and to tackle problems with a focus on solving the task of modernization of Ukrainian peripheral regions’ economic system.Research results. The objects of strategic planning are cross-border cluster systems looked upon as territorially located socially economic systems formed by a group of independent economic agents from the both sides of the border, by the organizations of bodies of executive power of the countries-actors of the European region and civil society. They consistently interact with each other by means of information, service, human and funds exchange and provide extra efficiency as compared with other, not systematically organized objects. Cross-border cluster systems can become the centers of regional development: investments promotion, diffusion of innovations, creation of human capital of new quality, standard of business relations, development of adequate institutions geared to address the task of the country’s economy modernization. For good reason, to raise the level of innovative economy of a peripheral region it is necessary to integrate educational and scientific infrastructure with power structures and with business environment to increase the layer of development on innovative enterprises. Universities should develop cooperation with the industry, use new approaches in academic research reflecting the needs of regional firms and assisting in strengthening their central role in EU regional innovative system development.Conclusion. Formation of EU regional innovative system considerably transforms the priority of the main siting factors which changes the functions of periphery territory. The latter is transforming from physical basis – the material (resource) production factors siting – into the environment to develop human capital, innovations and providing self-development of EU region. The new postmodern reality includes postindustrial manufacturing together with network building of periphery economic area suggesting the transplantation of the institutions by means of self-organization of hybrid network clusters over the administrative boundaries which become the “growth poles”, factors of uniting and free circulation of funds in European regions. On the way towards the entry into the European Union it is necessary to generalize experience of cross-border cooperation as the previous and complementary phase of integration in regional terms. To form the complete and effective development policy of cross-border cooperation with the active participation of Ukrainian peripheral regions it is necessary to work out theoretical and methodological background of the quasi-integration of economic agents within the boundary of European regions and to justify new forms and mechanisms of its deepening with the benefit of cross-border cluster systems concept.
22
Davě, Maria, and Isidora Barbaccia. "Misure di agglomerazione spaziale nei Sistemi Locali del Lavoro siciliani." RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, no. 1 (April 2009): 104–36. http://dx.doi.org/10.3280/rest2009-001005.
Full textAbstract:
- This paper examines the links among productive specialization, variety of the economic environment and knowledge spillovers on the basis of the territorial analyses present in the current literature. With the aim of identifying localization benefits in a particular area, some aspects of business settling are compared with trends in the development of economic activities and, particularly, with agglomeration process of the firms. Methods and Results The empirical analysis will be carried out pointing to the dynamics of employment consequent to the effects of the externalities above mentioned. Employment data are taken from the Manufacturing and Service Censuses of the years 1981, 1991 and 2001 and refer to the 77 Sicilian Local Labour Systems. Precisely, data pertain to the following sections of the classification ATECO 2002: Mining and quarrying (C), Manufacturing (D) and Total private services (G, H, I, J, K). We consider some suitable economic indicators to depict the characteristics of concentration: _ localization ratios for studying the evolutionary trends in specialization for different types of economic activity; _ diversity measures, based on a Hirschman-Herfindahl index, suggesting the presence of Jacobs-type dynamic externalities or, on the contrary, the operativeness of MAR dynamic effects; _ competition indices to gather information about the competition levels of the markets depending on their structure; _ agglomeration indices, to measure the geographic concentration of the economic activity connected to high and/or increasing industrial concentration levels in the adjacent LLS. Conclusions The agglomeration process results from inter-sector links, easing the diffusion of innovations thanks to the variety of urban contexts. Agglomeration forces appear to be outweighed, especially since 2001, by the influence of co-agglomeration factors due to the presence, in the same local reality, of small-sized enterprises belonging to different sectors. Owing to the increasing interdependence among sectors, these effects caused a redistribution of employment among the different groups of economic activities. The indexes showed how, during the inter-census gaps, a despecialization trend took over, bringing local production structures constantly closer to the average regional values.
23
Sudrajat, Darjat. "Hubungan antara Knowledge-Technology-Innovation (KTI), Commitment, Competence, Leadership, Government Policy, Human Capital, dan Competitive Advantage." Binus Business Review 5, no. 1 (May 30, 2014): 382. http://dx.doi.org/10.21512/bbr.v5i1.1260.
Full textAbstract:
In current tight competitive situation, companies always try to create differentiation anytime to achieve better and sustainable performance. Rapid and unpredictable changes insist the companies should always be innovative, so that aspects of globalization, e-business, technology innovation, creativity, global competition, knowledge creation, diffusion of new technologies and knowledge revolution should be sources of performance and competitiveness improvement. Therefore, tomaintain core competencies and competitive advantage, the companies should develop continuous innovation, technologylearning, and knowledge management. Knowledge-Technology-Innovation (KTI) can be a driver for country’s development and growth. Japan, South Korea, and Singapore are the countries that have limited natural and human resources, but able to achieve sustainable economic development. KTI is not only to be practiced at individual and organizational level, but also can be implemented at the community, national, or state level. KTI, therefore, can encourage expected competitive advantage creation and become a decisive factor for a country to achieve stable and sustainable economic growth. This research intends to analyze relationships of KTI, competitive advantage, commitment, leadership, human capital, government policy,and competence. This research used correlational method and literature study approach. The result of this research is a relationship model of each of these aspects that can be used as a framework for further research. The relationships model isas follows: Leadership, competence, and human capital (as independent variables) have direct relationship (influence) oncompetitive advantage (dependent variable) or indirectly (through KTI as an intervening variable); KTI has direct relationship (effect) on competitive advantage; Government policy and commitment are moderator variables for relationshipof KTI and competitive advantage.
24
Mat Aji, Zahurin, Nor Iadah Yusop, Faudziah Ahmad, Azizi Ab Aziz, and Zaid M. Jawad. "Conceptual Model of Technological Change on Telecentre Effectiveness." Computer and Information Science 9, no. 2 (March 17, 2016): 10. http://dx.doi.org/10.5539/cis.v9n2p10.
Full textAbstract:
<p><span style="font-size: 10pt; font-family: 'Times New Roman','serif'; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: 宋体; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-bidi-font-style: italic;" lang="EN-US">Telecentre effectiveness is highly related with involvement of people in the community and has been measured by the socio-economic benefit gained from the telecentre. One of the important aspects that are often overlooked in the assessment of telecentre effectiveness is the technological change. It is referred to as the overall process of continuous invention, innovation and diffusion of technology that aims at improving the quality of telecentre operations. This paper presents a conceptual model of technological change on telecentre effectiveness. In achieving this, extensive reviews of literature on related concepts were performed. Several elements of technological change that are expected to have impact on telecentre effectiveness were identified. These elements were categorized into three dimensions of technological change process, which are in accordance with the Linear Model of Innovation namely invention, innovation and diffusion. This model can be used as a basis towards getting empirical evidence on the impact of technological change on telecentre operations.</span></p>
25
Vlados, Charis, Nikolaos Deniozos, and Demosthenes Chatzinikolaou. "Global Crisis, Innovation and Change Management: Towards a New Systemic Perception of the Current Globalization Restructuring." International Business Research 11, no. 8 (July 6, 2018): 9. http://dx.doi.org/10.5539/ibr.v11n8p9.
Full textAbstract:
The “crisis of capitalism” is not, of course, an unprecedented discourse in the evolution of economics and the investigation of economic realities. In Neo-Schumpeterian economics crises constitute necessary evolutionary steps, intrinsically linked with breaking ‘moments’ and change. However, what makes the current crisis clearly different, and to a large extent subversive, is its ever increasing complexity and evolutionary-dialectic substance. The mixing of cooperation and competition, on an organizational and macro-economic level, reproduces on a global scale the need for a reconsideration of basic economic mechanisms. It tends to undermine and rapidly destroy the mechanistic relations and structures of all kinds and dimensions that have managed to provide profitability and effectiveness over the recent years. In this context, the search for strategic innovation, constant organizational renewal and the diffusion of production oriented at high technological expertise, seem to progressively become the critical synthetic components for building a new development model at all levels and for all agents of action.This paper focuses on the introduction of a three tier question which could be put forward as follows. First we ask what is the current global restructuring crisis and what would be a new growth model that would lead us to the exit of it on a global scale. Second we address the issue of what kind of innovation mechanisms does such a new model of interspatial restructuring and development require. Finally we analyse why is this new innovative direction—both in global terms and in individual socioeconomic systems—a prerequisite for building new types of effective change management mechanisms.The starting point of our approach is the position that any fragmented approach in the individual aspects of the triangle of global crisis, innovation, and change management, is now analytically misguided and practically powerless. Only an effort to systemically understand the phenomenon, in its constant and dialectic structure, is now an adequate condition for outlining the future developmental path of globalization at all levels of action.
26
Smyrlakis, Nikolaos, Leopold Summerer, and Loretta Latronico. "Innovation Dynamics in a Monopsony Structure." International Journal of Space Technology Management and Innovation 1, no. 1 (January 2011): 24–43. http://dx.doi.org/10.4018/ijstmi.2011010102.
Full textAbstract:
Innovation is a widely recognised driver of markets for economic growth and technological progress. This paper investigates the innovation dynamics in a monopsony market with a governmental monopsonist. The research is based on an agent-based model published for a traditional, competitive oligopoly market structure and explains aspects of innovation dynamics, such as how innovation is created, how the strategies of imitation and innovation pay off, the diffusion of both strategies and factors that influence them. Following the Schumpeterian concept of emerging innovation as a relational good, the model includes a dynamical component of strategy changes for sellers, which depends on the success of the strategy of those with whom they are exchanging information. For the present work, the structure of this model has been adapted to represent the specific buyer-power situation of monopsony markets. By changing the connectivity of the network between buyers and sellers and by combining all buyers into one, the network is transformed into one that models a monopsony market. In simplified terms, part of the European space market has been described as such a monopsonistic market with a governmental quasi-monopsonist. The paper investigates how innovation dynamics change in such a market.
27
Capdevila, Ignasi, and Matías I. Zarlenga. "Smart city or smart citizens? The Barcelona case." Journal of Strategy and Management 8, no. 3 (August 17, 2015): 266–82. http://dx.doi.org/10.1108/jsma-03-2015-0030.
Full textAbstract:
Purpose – In recent years, the term “smart city” has attracted a lot of attention from policy makers, business leaders and citizenship in general. Although there is not a unique definition of what a smart city is, it is generally accepted that “smart” urban policies refer to local governments’ initiatives that use information and communication technologies in order to increase the quality of life of their inhabitants while contributing to a sustainable development. So far, “smart city” approaches have generally been related to top-down processes of technology diffusion. The purpose of this paper is to present a broader view on “smart” initiatives to analyze both top-down and bottom-up dynamics in a smart city. The authors argue that these two perspectives are complementary and its combination can reinforce the collaboration between different city stakeholders. Top-down and bottom-up initiatives are not opposed forces but, on the contrary, can have a synergistic effect on the innovation capacity of the city. Both perspectives are illustrated by providing examples of different “smart” aspects in the city of Barcelona: smart districts, open collaborative spaces, infrastructures and open data. Design/methodology/approach – To illustrate the arguments, the authors analyze the case of the city of Barcelona providing examples of top-down and bottom-up initiatives in four different smart city aspects: smart districts, open collaborative spaces, infrastructures and open data. The research method is based on a case study (Yin, 1984). The primary data consisted on interviews to city council representatives as well as managers of local public institutions, like economic development offices, and local organizations like for instance coworking spaces. The authors interviewed also specialists on the innovation history of the city in order to validate the data. In addition, the authors used secondary data such as reports on the 22@, and documentation on the Barcelona innovation policies, as well as doing a compilation of press articles and the online content of the institutional webpages. All together, the authors have followed a data triangulation strategy to seek data validation based on the cross-verification of the analyzed data sources. Findings – The analysis suggests that the top-down and bottom-up perspectives are complementary and their combination can reinforce the collaboration between different city stakeholders. Top-down and bottom-up initiatives are not opposed forces but, on the contrary, can have a synergistic effect on the innovation capacity of the city. Both perspectives are illustrated by providing examples of different “smart” aspects in the city of Barcelona: smart districts, open collaborative spaces, infrastructures and open data. Research limitations/implications – Nevertheless, the analysis has its limitations. Even if the authors have emphasized the importance of the bottom-up initiatives, citizens do not have often the resources to act without governmental intervention. This is the case of services that require high-cost infrastructures or regulatory changes. Also, as it usually happens in the case of disruptive technology, it is hard for citizens to understand the possibilities of its use. In these cases, firms and institutions must play an important role in the first phases of the diffusion of innovations, by informing and incentivizing its use. It is also important to note that some of the emerging usages of technology are confronted to legal or regulatory issues. For instance, distributed and shared Wi-Fi networks might be in opposition to economic interests of internet providers, that often difficult its expansion. It is also the case of services of the sharing economy that represent a menace to established institutions (like the tensions between Uber and taxi companies, or Airbnb and hotels). In these cases, city halls like it is the case in Barcelona, tend to respond to these emergent uses of technology by regulating to ensure protection to existing corporate services. Practical implications – In conclusion, the transformational process that leads a city to become a smart city has to take in consideration the complexity and the plurality of the urban reality. Beyond considering citizens as being users, testers or consumers of technology, local administrations that are able to identify, nourish and integrate the emerging citizens’ initiatives would contribute to the reinforcement of a smart city reality. Originality/value – The contribution of the paper is to go beyond the generalized technologic discourse around smart cities by adding the layer of the citizens’ initiatives.
28
Laužikas, Mindaugas, and Simona Dailydaitė. "IMPACTS OF SOCIAL CAPITAL ON TRANSFORMATION FROM EFFICIENCY TO INNOVATION-DRIVEN BUSINESS." Journal of Business Economics and Management 16, no. 1 (December 16, 2014): 37–51. http://dx.doi.org/10.3846/16111699.2012.754374.
Full textAbstract:
The present article is focused on impacts of social capital on transformation from efficiency to innovation-driven business. Such aspects of social capital as social relations, usage of human capital in innovation processes, expertise in market analysis are often ignored by entrepreneurs. The research purpose is to analyse the relation between social capital and transformation from efficiency to innovation-driven business. Main aspects of this relation are revealed by interpreting findings of Global Entrepreneurship Monitor (GEM), which is to examine how different factors encourage economic development globally via entrepreneurship. Relying on a solid GEM methodology, which combines quantitative adult survey and qualitative expert interviews, various transformation problems of catching-up countries are analysed while paying a special attention to effects of social capital and illustrating them by the case of Lithuania. The role of human capital is measured by such factors as anticipated growth of headcount within respondents’ firms; social relations refer to social image of entrepreneurs (as it is impossible to have a strong social image without good social relations with stakeholders), while information/ knowledge diffusion is analysed via such effects as a number of companies that deliver innovative products and/or services, a number of customers who appreciate and want to try innovative products and/or services as well as a number of expected competitors in the market (it is impossible to be innovative and competitive in the market without information/ feedback collection system established).
29
Chaves Avila, Rafael, Enrique Bernal Jurado, Adoracion Mozas Moral, and Raquel Puentes Poyatos. "Improving e-economy by regional governments." Management Decision 52, no. 3 (May 13, 2014): 559–72. http://dx.doi.org/10.1108/md-08-2012-0589.
Full textAbstract:
Purpose – The purpose of this paper is to analyse and assess a government support programme for business innovation in a very peripherical European region: the Spanish region of Andalucía. Design/methodology/approach – Endogenous development approach is used to categorize the main public and private actions included in the government ICT support programme. Cross-time analysis has been carried out by using three territorial indicators of diffusion and effective use of ICT: the physical aspect, refereed to the infrastructures used as a base for the information society development (infrastructures, technology and equipment); the actors and their degree of organization (firms present on the internet and support organizations and institutions); and knowledge, refereed to the technological sprawl and the entrepreneurship capacity (fostering innovation and training among the general population and businesses). Findings – The study confirms that the public policies implemented are coherent with the endogenous development approach, where investment in physical and human capital have been accompanied by enabling measures of interaction between firms and other economical agents (universities, business associations, business centres and technology institutes, etc.), with a view to favouring the dissemination of innovations and knowledge among firms. Secondly, the research assess the impact of this ICT programme, both in terms of economic growth and per capita income, as well as on the main variables that reflect the degree of business participation in the Information Society. Results show that, during the period 1996-2010, this region has made important progress in terms of convergence with more advanced European regions. Research limitations/implications – The study has methodological implications in terms of designs of further ICT programmes in less developed European regions to broke the digital divide. Practical implications – Recent outlooks of the OECD call for more assessment research on ICT national and regional policies around the world, especially those that prove that it is possible to broke the international digital divide. The present study suggests that public policies following the directives laid down by the endogenous development approach can reach this economic and social target. The Andalucía Information Society Programme constitutes a real commitment and private-public partnership towards a structural change in the technological culture amongst businesses. Investment in physical capital and human capital has been accompanied by measures that enable the interaction of firms with other economic agents (university, business associations, technology centres, etc.), with a view to favouring the dissemination of innovation and knowledge among firms. Originality/value – The study uses for the first time the endogenous development approach applied to a less advanced region for evaluation of ICT policy and it improves a methodology based on this approach to assess its effectiveness.
30
Al-Hajaya, Krayyem, and Nedal Sawan. "The future of Internet corporate reporting – creating the dynamics for change in emerging economies: A theoretical framework and model." Corporate Ownership and Control 15, no. 3-1 (2018): 172–88. http://dx.doi.org/10.22495/cocv15i3c1p3.
Full textAbstract:
This study aims to develop a generic framework for the adoption of Internet corporate reporting (ICR), in developing countries, and to test the applicability of this framework by undertaking an empirical study in a developing country, namely Jordan. The key literature focuses mainly on economic-based theories in explaining different ICR practices as a voluntary disclosure channel. The theoretical foundation underpinning the study integrates several of these disclosure frameworks with innovation diffusion theories. A questionnaire survey was conducted among 150 CEOs and CFOs of companies, with usable websites, listed on the Amman Stock Exchange. Based on managers’ evaluation, four factors were further identified as significant contributors to ICR adoption, namely cost-benefit balance, management commitment, internal technology readiness, and users’ attention. Given the lack of an overarching theoretical framework for studying ICR, this study presents an assessment framework for ICR adoption, which enables managers to evaluate the current status of a company in respect of three aspects of readiness to engage in ICR, these being: organisation, technology, and environment.
31
Минаев, Владимир Александрович, and Константин Михайлович Бондарь. "PRINCIPLES OF SOCIO-ECONOMIC STRUCTURES MANAGING FOR INFORMATION RESTRICTIONS IN THE PANDEMIC CONDITIONS." ИНФОРМАЦИЯ И БЕЗОПАСНОСТЬ, no. 1(-) (April 9, 2021): 135–46. http://dx.doi.org/10.36622/vstu.2021.24.1.013.
Full textAbstract:
В статье рассматривается новый сетецентрический подход к управлению социальными и экономическими структурами в условиях пандемических ограничений, базирующийся на применении современных информационных технологий и сетевой организации информационного обмена. Рассматриваются информационно связанные структуры, состоящие из малых и средних предприятий, а также различных сообществ (молодежь, пенсионеры, профессиональные и иные организации). Обсуждается принцип самосинхронизации и вводится понятие “аттрактор” при сетецентрическом построении управления такими структурами. Обосновывается приоритет стратегии “заимствования” при применении механизмов диффузии инноваций в экономику и социальную жизнь регионов России. Предлагается полисетевая схема инновационного развития социально-экономической сферы. Она дает возможность построить инновационную инфраструктуру с применением достижений в разработке бизнес-сетей сотрудничества, а также моделей активного воздействия на общественное сознание в социальных сетях. Показана важная роль математических моделей распространения информации в социальных сетях с учетом территориальных различий для эффективного управления социально-экономическими структурами в регионах России в условиях пандемии. Найдены динамические функциональные зависимости, позволяющие отделять одни поселения от других по степени восприимчивости населения к информационному воздействию социально-экономического характера в социальных сетях, что дает возможность целенаправленно строить и реализовывать как экономические, так и социальные программы, бизнес-политику в том или ином кластере. Полученное географически компактное распределение поселений по кластерам дает возможность углубленного исследования причин региональных различий скорости распространения информации, что открывает способы оптимального информационного воздействия на региональную экономику, образовательную систему, бизнес-структуры, социальные образования (сообщества пенсионеров, молодежные структуры, клубы по интересам и т. п.) с целями их консолидации, перевода на инновационные пути развития, выработки перспективных средств и методов ведения бизнеса, стимулирования экономики в сложных условиях пандемической ситуации. The article discusses the theoretical and applied aspects of a new network-centric approach to managing social and economic structures under pandemic restrictions. The model is based on the use of modern information technologies and the network organization of information exchange. Networks are considered as aggregations of information-related structures consisting of small and medium-sized enterprises, as well as various communities (youth, pensioners, professional and other organizations. The principle of self-synchronization in the network-centric construction of management of such structures is considered. The concept of “attractor” is introduced. The strategy of “borrowing” in the application of innovations diffusion mechanisms in the economy and social life of the Russia regions is justified. A multi-network scheme of innovative development of the socio-economic sphere is proposed, including the educational segment, among them - the development of electronic forms of education. It provides an opportunity to create an innovative infrastructure in our country using achievements in the development of business cooperation networks, as well as models of active influence on public consciousness in social networks. The article shows the important role of mathematical models of information propagation in social networks, taking into account territorial differences, for the effective management of socio-economic structures in the regions of Russia in the context of a pandemic. Dynamic functional dependencies are found that allow separating some settlements from others according to the degree of susceptibility of the population to the information influences of a socio-economic nature in social networks, which makes it possible to purposefully create and implement both economic and social programs, business policies in a particular cluster. Received geographically compact allocation of settlements across clusters allows in-depth to explore the causes of regional differences in the speed of information propagation, which opens the ways of informational influence on the regional economy, educational system, businesses, social formation (community of pensioners, youth structures, clubs of interest, etc.) with the purpose of their consolidation, formation of promising means and methods of doing business, stimulating the economy in the difficult conditions of the pandemic situation.
32
Galvan, Pedro, Miguel Velazquez, Ronald Rivas, Antonio Barrios, Enrique Hilario, and Gualberto Benitez. "PP041 Universal Coverage Through Innovative Telediagnosis Technology." International Journal of Technology Assessment in Health Care 33, S1 (2017): 89–90. http://dx.doi.org/10.1017/s0266462317002276.
Full textAbstract:
INTRODUCTION:Through technological innovations based information and communication technologies (ICT), advantageous telediagnostic systems can be developed to improve the health care of remote populations (1). In the context of universal coverage and the efficient use of available resources, there is a favorable opportunity to develop telemedicine towards an integrated ecosystem to improve health care in remote locations without access to specialists. This study, performed by the Telemedicine Unit (MoH) in collaboration with the Biomedical Engineering Dept (IICS-UNA) and the Basque Country University (UPV/EHU) evaluated a telediagnostic system implemented in 2014 in public health. The results of a cost utility analysis for this telediagnosis project in remote, regional and district hospitals in Paraguay are presented.METHODS:This is a prospective study, where the results of using telediagnosis implemented in remote hospitals over three years 2014–16 were evaulated. For these purposes, a utility analysis was carried out by comparing the cost of performing telediagnosis versus performing it “face to face” in a diagnosis center in the capital city.RESULTS:During the study 182,406 remote diagnoses were performed in the fifty-four remote hospitals using the telediagnosis tool. Of the total, 37.3 percent (68,085) corresponded to tomography (CT), 62.0 percent (113,059) to electrocardiography (ECG), 0.68 percent (1,243) to electroencephalography (EEG) and 0.01 percent (19) to ultrasound studies. The average cost of a tele-tomography, tele-ECG and tele-ultrasound was USD2.6, and USD8.6 for tele-EEG, respectively. The cost reduction through the telediagnosis was 26.4 times for tomography, 4.5 times for ECG, 8.0 times for EEG and 8.3 times for ultrasound. The cost utility analysis performed demonstrates an economic benefit of USD12.9 million to the citizens of the fifty-four communities included in this project.CONCLUSIONS:Despite the potential benefit of the telediagnosis (2) to facilitate the universal coverage, and optimize the use of scarce human and health financial resources shown in this study, other important aspects such as acceptance of the technology, patient satisfaction and a widespread use-assessment should be analyzed (3) before a large diffusion.
33
Oberender, P., S. Ruckdäschel, S. Lugauer, and J. P. Guggenbichler. "Economic aspects of innovations in medical technology." Infection 27, S1 (January 1999): S78—S80. http://dx.doi.org/10.1007/bf02561625.
Full text
34
Wu, Bing, and Chen Yan Zhang. "Knowledge Diffusion and Innovation Research in Virtual Contexts." Applied Mechanics and Materials 701-702 (December 2014): 1328–31. http://dx.doi.org/10.4028/www.scientific.net/amm.701-702.1328.
Full textAbstract:
Knowledge creation and diffusion in determining growth performance is still a hot topic. We gleaned from science citation index expanded (SCI-EXPANED) and Social Sciences Citation Index (SSCI) database on web of science, concerning advances in knowledge diffusion research in virtual contexts. The result indicates that the main research territory is Italy, accounting for 22.222%. The number of citations on this topic mainly distributes in recently 3 years, reaching climax of 16 in 2012. And from the analysis of research area, there are five main areas: business economics, environment science ecology, geography, public administration, and social sciences other topics. Particularly, the percentage of publication in business economics is 55.556%. Overall, the relating knowledge diffusion and innovation research topics can be classified into five aspects: infrastructures, capacities, performance, policies and modeling.
35
Hardashuk, Tetiana. "THE CONSOLIDATION POTENTIAL OF INNOVATIONS." Almanac of Ukrainian Studies, no. 23 (2018): 31–36. http://dx.doi.org/10.17721/2520-2626/2018.23.5.
Full textAbstract:
Innovations are considered as a factor of consolidation of society, taking into account the definition of innovations as a complex phenomenon containing scientific, technical, technological, economic, environmental, social, legal, safety aspects. However, during the longtime scientific, technical, technological aspects of innovations were considered as driving force for the economy economic growth. Innovations directly or indirectly affect all spheres of social life, going far beyond the boundaries of purely market relations. Limitation of purely economic and scientific-technological definition and evaluation of innovations became obvious in 1960s on the wave of economic growth after the World War II and popularization of post-material values, on the one hand, and because of increasing social tensions, environmental crisis, deepening the gap between economically developed and developing countries, as well as between differed groups of the population within society, on the other hand. Social, ethical and environmental aspects of innovation were put on the agenda. Consequently, innovations should be measured not only in figured of benefit, but also in terms of health, education, safety, environmental impacts, saving energy and materials, etc. The study of the economic aspects of innovation were complemented by the following areas: 1) prevention of inequality due to innovative development; 2) combination of innovation with social entrepreneurship; 3) innovation as a factor in achieving sustainability; 4) innovations for environmental protection. This logically follows from the concept of sustainable development grounded on the coherence of social, economic and environmental parameters. Shortly, the complex of updated innovation criteria as a driving force of socio-economic development is formulated by the framework of «3Ps – profit, people, and planet», which accounts economic/financial, social and environmental aspects. The «3P» framework is a basis for development of new business ethics.
36
GOLUBEV, A. V. "OBOLESCENCE AND THE DIFFUSION OF INNOVATIONS." Izvestiâ Timirâzevskoj selʹskohozâjstvennoj akademii, no. 5 (2020): 113–30. http://dx.doi.org/10.26897/0021-342x-2020-4-113-130.
Full textAbstract:
The diffusion of innovations is described as a process in a number of scientific papers. At the same time, the causes of this process have not been sufficiently studied. The author’s goal is to consider the main regularities, under which the life cycle of innovations begins, and propose measures to enhance diffusion in modern conditions. As a scientific hypothesis, the author accepts the postulate about the primary role of the obolescence of attracted innovations in this process. The analysis revealed not only the economic proportions that initiate the start of innovation promotion, but also the influence on the diffusion rate of the obsolescence degree of innovations and the market share occupied by the new product. Methodological approaches have been developed to determine economic efficiency depending on the moment of technological change-over, as well as to determine the absolute and relative speed of innovation diffusion. Sociological studies were conducted to determine the state of innovation development and the time lag between obtaining information about an innovation and its practical implementation. The author presents his “Agroopyt” information system developed to disseminate knowledge in the agricultural sphere and ensure technology transfer in agriculture. Digital methods provide for significant accelerateion of the diffusion of innovations and expand its scope.
37
Szydlik - Leszczynska, Agata, and Marek Leszczynski. "SOCIAL INNOVATIONS IN THE ECONOMIC INTEGRATION PROCESS – SELECTED ASPECTS." MEST Journal 2, no. 2 (July 15, 2014): 121–26. http://dx.doi.org/10.12709/mest.02.02.02.13.
Full text
38
Csatári, Gábor Bence. "The economic aspects of innovation in sheep breeding." Applied Studies in Agribusiness and Commerce 4, no. 1-2 (July 30, 2010): 97–104. http://dx.doi.org/10.19041/apstract/2010/1-2/14.
Full textAbstract:
During my investigations, I highlighted three innovations, all of which serve the production of a final product, sheep kefir. This product contains a unique added value and involves several innovational opportunities. I examined the complex economic analysis of the innovations and technological elements investigated with respect to revenues from the sale of sheep milk, sheep cheese (kashkaval) and sheep kefir. The kashkaval-type sheep cheese does not contain sufficient added value to cover the costs of innovational investments. Investigating the innovational activity for developing sheep kefir and for its market introduction, its cash flow balance becomes positive already in the second year after realization, and is able to generate significant profit.
39
Vypkhanova, G. V., and N. G. Zhavoronkova. "Energy Innovations: Organizational and Legal Aspects." Actual Problems of Russian Law 16, no. 1 (January 28, 2021): 189–203. http://dx.doi.org/10.17803/1994-1471.2021.122.1.189-203.
Full textAbstract:
Recently, legal literature has given attention to the problems of innovative energy. Despite the negative consequences of the current global economic crisis, the ways out of it are in the mainstream of the country’s transition from the export of raw materials to the resource-innovative development with a qualitative renewal of the energy sector. These tasks are set in the strategic planning documents that determine the vector and prospects of energy, scientific and technological and other areas of development. Achievement of goals and long-term quality guidelines for the development of the energy sector on an innovative development path is associated, among other things, with alternative energy, the expansion of the use of renewable energy sources. The paper shows the possibilities and prospects of their use for small energy facilities, energy-deficient areas, and regions with decentralized energy supply. The advantages of using green technologies, renewable types of energy are manifested in energy conservation, energy security, reducing the negative impact on the environment, and solving environmental problems. The absence of a regulatory legal framework for the development of alternative energy is revealed; gaps in energy legislation in terms of innovative energy, stimulation of the introduction of innovative technologies, and the use of renewable energy sources are highlighted. The necessity of highlighting this direction in the energy strategy, other strategic documents in the field of environmental, economic development, energy efficiency and safety has been substantiated. The result of the study is new approaches to the formation and implementation of state policy, as well as the improvement of legislation in the field of innovative energy development.
40
Dai, Xiao, Jian Wu, and Liang Yan. "A Spatial Evolutionary Study of Technological Innovation Talents’ Sticky Wages and Technological Innovation Efficiency Based on the Perspective of Sustainable Development." Sustainability 10, no. 11 (November 14, 2018): 4201. http://dx.doi.org/10.3390/su10114201.
Full textAbstract:
In China, with the deepening of the reform of industrial structures, the improvement of technological innovation has become a key issue. This is not only related to whether the strategic development of Chinese science and technology can be achieved, but also whether the Chinese economy and high-quality human capital can develop sustainably. Based on the theoretical boundary of sustainable development—free transfer of information—we see that sticky wages are the embodiment of information dissemination. Under the dual effects of profit-seeking behavior and information barriers, the relationship between the sticky wages of technological innovation talents (TIT), as the most profitable labor force, and technological innovation efficiency (TIE) has become more complex, and so far we still have a limited understanding of it. We explore this issue in an empirical study by using a two-stage chain Data Envelopment Analysis (DEA) of TIE followed by modifying the wages of TIT; finally, we build a collaborative evolution model with spatial effects on a large dataset (from 2007 to 2016). The results show that the overall Chinese TIE is relatively low, and in the central and western regions the TIE has been seriously reversed; there are also divergences in the TIE at different stages in the regions we focus on. As the output of technological innovation, except for initial results (such as patents), the more important value is whether it has an ability to transform the initial results into production, and the core of it is whether it can match the market environment and technology transfer system (for example, market mechanism, transformation incentive mechanism, and institutional mechanism). So, considering these aspects, the central and west of China are obviously insufficient, while the east has obvious advantages; this can also explain the results of spatial diffusion, namely, in the eastern region it is higher than in other areas, but the gap between them is gradually narrowing; lastly, from the perspective of synergy, the wage stickiness of TIT in the central region is larger than that of the eastern and western regions, and the evolutionary relationship in the former is “extruding” while in the latter it is “cooperative.” Mainly due to the popularity of the eastern innovation network and the initial state of the west, the barriers of information transmission are relatively low, while the central part is undergoing economic transformation, so its extreme demand for TIT has pushed up the cost of information transmission.
41
Jović, Marija, Edvard Tijan, Ana Perić Hadžić, and Petra Karanikić. "Economic aspects of automation innovations in electronic transportation management systems." Pomorstvo 34, no. 2 (December 21, 2020): 417–27. http://dx.doi.org/10.31217/p.34.2.22.
Full textAbstract:
This paper presents an analysis of economic aspects of three selected automation innovations in electronic Transportation Management Systems: Maritime Transport Chain solution and Vessel Estimated Time of Arrival solution (related to the maritime transport) and Delivery Planning solution (related to the transport in general). The theoretical background of transportation, Transportation Management Systems, maritime transportation and seaports is provided, focusing on the economic aspects. A literature review has been conducted, in order to identify the research gap and to focus on the economic aspects of the selected automation innovations. A SWOT Analysis of the Maritime Transport Chain solution, Vessel Estimated Time of Arrival solution and Delivery Planning solution (from an internal and external perspective) is presented, adding to the existing research of the economic aspects of automation innovations in the transport sector.
42
Rokov, A. I., and E. D. Iokhimovich. "Economic aspects of developing renewable energy sources." Business Strategies 8, no. 2 (March 5, 2020): 55–59. http://dx.doi.org/10.17747/2311-7184-2020-2-55-59.
Full textAbstract:
The modern electricity market is in the process of transformation generated by the influx of technological innovations and social mood in society. The article considers the features of using renewable energy sources in the world and in Russia, their importance and economic potential for sustainable development. Significant problems that arise when using renewable energy sources are identified, and ways to overcome them and prospects for further use are considered.
43
Mudiarta, Ketut Gede. "Jaringan Sosial (Networks) dalam Pengembangan Sistem dan Usaha Agribisnis: Perspektif Teori dan Dinamika Studi Kapital Sosial." Forum penelitian Agro Ekonomi 27, no. 1 (October 11, 2017): 1. http://dx.doi.org/10.21082/fae.v27n1.2009.1-12.
Full textAbstract:
<strong>English</strong><br />The limited possession of resources such as physical capital especially land, finance, and technology need social resources empowerment as potential local resources followed by equality and inclusiveness in implementing of development programs. This paper tries to elaborate sociological theory in the dynamics of social capital study especially social networks linked to the social reality on empirical level. In line with the theories of new institutionalism, social networks, diffusion of innovation, and social mobilit, on the empirical level it shows that agribusiness development is not supported by synchronization of policy environment in macro level, informal rules at meso level, and individual needs in micro level and availability of informal rules at meso and micro levels in the community. The failure of agribusiness development is also believed to be affected by unequal social-resources and also by less concern on the effect of economic benefit on social network, i.e. without considering the following aspects, e.g. (i) Norm and density network; (ii) The Strength of Weak Ties; (iii) The Importance of " Structural Holes; and (iv) The Interpenetration of Economic and Non-Economic Action in developing agribusiness. Agribusiness community will keep facing obstacles to grab opportunity in accessing information and technology innovation and in turn it will lower productivity, income and welfare as well as vertical mobility.<br /><br /><br /><strong>Indonesian</strong><br />Keterbatasan penguasaan sumber-sumber produksi berupa kapital material, terutama penguasaan sumber daya lahan, modal finansial dan teknologi, memerlukan upaya pemberdayaan sumber-sumber sosial sebagai potensi sumber daya lokal, serta dengan memperhatikan segi kemerataan (equality) dan inklusi sosial dalam operasionalisasi program pembangunan. Tulisan ini berupaya membahas perspektif teori sosiologi dalam dinamika studi kapital sosial terutama aspek jaringan sosial (networks) yang dikaitkan dengan realitas sosial pada tataran empiris. Selaras dengan analisis teori kelembagaan baru (new institutionalism), teori jaringan, teori difusi inovasi, dan teori mobilitas vertikal; ditemukan adanya ketidaksinkronan pengembangan sistem dan usaha agribisnis dengan dukungan lingkungan kebijakan (policy environment). Selain itu, juga ada ketidaksinkronan politik pengembangan agribisnis pada level makro dengan ketersediaan aturan informal (informal rules) di level meso dan mikro dalam komunitas. Kegagalan pengembangan agribisnis juga diyakini merupakan akibat ketidakmerataan sumber daya sosial dan kurangnya perhatian kepada pengaruh jaringan sosial (network) terhadap manfaat ekonomi, yakni kurang mempertimbangkan aspek norma dan kepadaran (density) jaringan, kuat dan lemahnya ikatan (ties), peran lubang struktural (structural holes), dan interpretasi terhadap tindakan ekonomi dan ekonomi dalam pengembangan agribisnis. Dalam kondisi demikian, komunitas agribisnis akan tetap sulit meraih peluang untuk mengakses informasi dan inovasi teknologi yang berdampak pada rendahnya produktivitas, pendapatan, dan kesejahteraan, sehingga akan sulit juga dalam mencapai mobilitas vertikal.
44
Stojmenović, Marija. "Socio-economic aspects of cash withdrawal from use." Bankarstvo 49, no. 3 (2020): 102–27. http://dx.doi.org/10.5937/bankarstvo2003102s.
Full textAbstract:
The notion of a cashless society is slowly becoming an inevitability of the modern way of doing business. Withdrawal of cash from use is the result of wide application of information and communication technologies. Increasing digitalization has contributed to the fact that most transactions are performed via smart devices (phones, tablets, desktops), without the use of cash and without going to the bank. The development of technological innovations, as well as innovations in finance, has undoubtedly contributed to increasing efficiency in business, but the question is whether the increasing digitalization of life and business, which is reflected in the creation of a cashless society, is still so desirable for humanity. The paper focuses on the socio-economic aspects of withdrawing cash from use. On the one hand, states are given the opportunity to influence economic activities even more directly through their central banks, while on the other hand, the issue is raised concerning human freedoms and rights in the digital world, in which it will be possible to electronically control the entire business.
45
Męczyński, Michał. "Przestrzenna dyfuzja technologii informacyjno-komunikacyjnych (na przykładzie rozprzestrzeniania się kodu kreskowego w województwie wielkopolskim)." Studies of the Industrial Geography Commission of the Polish Geographical Society 12 (January 1, 2009): 109–22. http://dx.doi.org/10.24917/20801653.12.9.
Full textAbstract:
With advances of globalisation at the close of the 20th century, economic development started to rely more and more heavily on innovation in information and communication technologies (ICT). Through progress in this field, there appeared new possibilities of communicating, and acquiring and processing information. The application and practical use of information and communication technologies began to determine the competitiveness of businesses, regions, and states.Most of the works on the growing role of ICT in the economy published to date have employed an approach developed within economic sciences; they have largely been analyses of a dynamic nature. The spatial aspect has often been ignored. The concept that fills the gap is the theory of the spatial diffusion of innovation employed in the geographical sciences. The present article seeks to reconstruct the spatial diffusion of ICT in the enterprises of Wielkopolska voivodeship, using the EAN bar code in the years 1990–2002 as an example. The analysis showed the mechanism of ICT spread and provided a basis for a typology of communes by the rate of adoption of this type of technology. In this way, areas were identified in which innovation appears in the initial period of the spatial diffusion process, i.e. the most innovative ones, and those where innovation appears at a later time, i.e. lagging behind.
46
Alexis, Ndabarushimana, Toh Alain, and Kouadio Amani Augustin. "Innovations Techniques Caféicoles Au Burundi : Étude Des Contraintes Socio-Économiques Et Des Conditions D’adoption Et De Diffusion Des Innovations Techniques Dans La Province Kayanza." European Scientific Journal, ESJ 12, no. 17 (June 29, 2016): 383. http://dx.doi.org/10.19044/esj.2016.v12n17p383.
Full textAbstract:
This contribution highlights the socio-economic constraints to the adoption and diffusion of technological innovations in coffee farms in Burundi. These constraints are basically related to the sociological environment that structure behaviors of Burundian coffee growers in the process of economic production. In view these sociological contradictions, initiating a typically socio- anthropological approach, this article highlights a set of policy conditions to stimulate the adoption and diffusion of innovations in Kayanza province of Burundi.
47
Diakonova, Sofia, Stepan Artyshchenko, Daria Sysoeva, Igor Surovtsev, and Miron Karpovich. "On the application of the thermal conductivity equation to describe the diffusion process." E3S Web of Conferences 175 (2020): 05050. http://dx.doi.org/10.1051/e3sconf/202017505050.
Full textAbstract:
The paper addresses the very popular issue of diffusion of innovations. Diffusion of innovations is the last stage of the innovation process and an indicator of its success. The study of the diffusion of innovations and the application of heat conduction equations in this theory is related to the study of innovative characteristics and economic indicators that could improve the performance of enterprises, lead to profit growth and expand market coverage. The paper systematized the factors that influence the diffusion of innovations. With their help, it is possible to manage the process of diffusion of innovations in a specific market and in a certain period of time. The use of the theory and methods for solving the thermal conductivity equation allows obtaining a solution to the problem of the diffusion equation, finding the optimal parameters for creating an innovative product susceptibility on the market.
48
Anichin, Vladislav, Dmitry Chugay, Galina Khudobina, and Natalia Yakovenko. "Organizational and economic aspects of innovation management in agro-industrial enterprises." SHS Web of Conferences 116 (2021): 00041. http://dx.doi.org/10.1051/shsconf/202111600041.
Full textAbstract:
The economic aspects of innovation activity are determined by the fact that innovations serve to achieve the economic goals of the enterprise, act as a means of competition and require the use of economic resources. When organizing innovation activities, it is important to take into account macroeconomic factors and intra-company conditions. The authors identify three large-scale macroeconomic factors that have a significant impact on the chain of interrelated innovations in the activities of modern Russian agro-industrial enterprises. At present, the factor of creating institutions of the digital economy is beginning to take effect, in connection with which the third wave of organizational, technological and marketing innovations and the next growth of agro-industrial production in Russia are expected. Due to the different rates of economic concentration in the three areas of the agro-industrial complex, historically, unfair vertical competition has been and remains one of the limitations for innovation at agro-industrial enterprises. In the digital economy, information about the essential conditions of concluded transactions becomes available to antimonopoly authorities in real time, which allows them to quickly develop and apply regulatory actions in cases of violations of antimonopoly legislation or in cases of “failures” of the market. It is also possible to create institutions that support fair competition in the vertical and horizontal dimensions. The opportunities that open up actualize the improvement of the conditions for innovation activity at the intra-company level.
49
Callen, Zachary. "Local Rail Innovations: Antebellum States and Policy Diffusion." Studies in American Political Development 25, no. 2 (August 31, 2011): 117–42. http://dx.doi.org/10.1017/s0898588x1100006x.
Full textAbstract:
Antebellum states were critical in supporting the emerging rail system of the nineteenth century, yet not all states engaged in active rail promotion efforts. In this analysis, I consider how local economic and political conditions, as well as the rail promotion activities of a state's contiguous neighbors, impacted a legislature's rail promotion decisions. The findings suggest that states only engaged in rail promotion when local infrastructure was of poor quality and a state's tax revenues were sufficient to support rail expenditures. These findings reveal that diffusion, powered by social learning, does not drive all state policy innovations. Instead, local conditions and parallel thinking are important factors in state policy development. Furthermore, the analysis underscores the power of local governments in the antebellum period, while also raising the question of whether such diffuse state building was effective.
50
Forrer, Acie S., and Donald A. Forrer. "Analysis Of The Relationship Between Economic Cycle Swings And Adoption Rate Models Of Financial Innovation Diffusion." Journal of Business & Economics Research (JBER) 13, no. 2 (March 19, 2015): 103. http://dx.doi.org/10.19030/jber.v13i2.9179.
Full textAbstract:
The United States financial crisis, starting with the credit boom of 2007 and ending with the failure of Lehman Brothers in September 2008, has led to a loss of confidence in the United States financial system. The Financial Crisis Inquiry Commission indicated that the financial crisis affected over 26 million Americans. Many scholars have attributed the crisis to financial innovations, such as mortgage backed securities, adjustable rate mortgages and no-income verified loans, as key innovations that led to the market collapse. Financial innovations have had both positive and negative impacts on the financial industry. Providing a framework that describes the relationship between economic cycle swings and adoption rates of innovative financial instruments can provide greater stability and predictability in financial innovation diffusion, which can lead to more stable returns for shareholders and enhance the public interest through a healthy, innovative and more stable financial industry. An abbreviated evidence-based systematic review was completed on financial innovations that led to the financial crisis of 2007. The research suggests that there is an equilibrium period of time that financial organizations can adopt innovation to avoid unintended consequences like the recent financial crisis. Providing a framework of adoption time can demonstrate where financial innovations can be absorbed to provide the organization with the ability to financially innovate during pro and counter cyclical economic periods. Through an understanding of the timing of financial innovations as they occur in economic cycles, managers of financial organizations can choose the adoption period of time more carefully which could have averted the financial crisis that affected millions of Americans.