Innovación y crecimiento económico: Factores que estimulan la innovación

Miguel Ángel Galindo Martín; Domingo Ribeiro; María Teresa Méndez Picazo

doi:10.5295/cdg.110309mg

Innovation and Economic Growth: Factors that Encourages Innovation

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Published 14-12-2012

DOI https://doi.org/10.5295/cdg.110309mg

Miguel Ángel Galindo Martín

Universidad de Castilla-La Mancha - Facultad de Derecho y Ciencias Sociales

Domingo Ribeiro

Universitat de València Facultad de Economía de la Universitat de València

María Teresa Méndez Picazo

Universidad Complutense de Madrid-Facultad de CC. Económicas y Empresariales

Abstract

The goal of this paper is to analyze the role played by innovations on economic activity. In this sense, the relationship between innovation and economic growth is studied, being economic growth the current main objective of economic policy to reduce unemployment and to increase social welfare. To carry out this analysis we base on Schumpeter's model, playing entrepreneurship and social climate an important role in the process. The empirical analysis an innovations equation for the case of 11 developed countries is included, showing that the social climate, represented by the training and income distribution, and monetary policy, represented by money supply, stimulate innovations.

How to Cite

Galindo Martín, M. Ángel, Ribeiro, D., & Méndez Picazo, M. T. (2012). Innovation and Economic Growth: Factors that Encourages Innovation. Cuadernos De Gestión, 12(3), 51–58. https://doi.org/10.5295/cdg.110309mg

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References

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