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Innovation, Entrepreneurship, and Technological Change$
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Albert N. Link and Donald S. Siegel

Print publication date: 2007

Print ISBN-13: 9780199268825

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199268825.001.0001

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Fundamental concepts of innovation and technological change

Fundamental concepts of innovation and technological change

(p.27) 3 Fundamental concepts of innovation and technological change
Innovation, Entrepreneurship, and Technological Change

Albert N. Link

Donald S. Siegel

Oxford University Press

This chapter introduces some fundamental concepts on the relationships between innovation, entrepreneurship, and technological change. These relationships are critical for understanding the economic underpinnings of studies about R&D, an input into the innovation process, and firm performance, and about R&D and economic growth. It presents models of technological change that have become the cornerstones of what has become known as the economics of R&D and the fields of innovation and technology policy.

Keywords:   innovation, entrepreneurship, technological change, R&D

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