Modeling evolving innovation networks

Abstract

Economists widely agree on technological change and innovation being the main components of economic growth [Aghion and Howitt 1998, Tirole 1988]. In the absence of ongoing technological improvements, economic growth can hardly be maintained [Barro and Sala-i Martin 2004]. The close link between innovation and economic performance has become generally accepted. Following this insight, in recent years of economic growth, OECD countries have fostered investments in science, technology, and innovation [OECD 2006]. © 2009 Springer-Verlag Berlin Heidelberg.