PRADEC Interdisciplinary Conference Proceedings

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Volume 2
Issue 2
Title Peculiarities of economic development on the basis of innovation and innovation potential
Author Allahyar Muradov, Rahim Huseynov
Increase and progress in formation of innovation potential of economy (companies, firms) hold important place in raising its competitiveness. Because innovation potential plays a leading role in production of science-intensive products, realization of innovative investment projects, formation of human (intellectual) capital and securing steady development tendency in economy.  The article has been dedicated to elucidation of knowledge economy and components of innovation potential. The main purpose here is explaining components of innovation potential, defining their mutual relation with other potentials, systemizing various approaches developed today and defining their importance in formation of knowledge economy.      

Foster, Richard N., 1986. Innovation: Die technologische Offensive,  New York: Gabler Verlag
Hamilton, A., 2000. “Innovative and corporative restructuring in the world economy,” Problems of Theory and Management Practice [in Russian], No.6: 35-39

Lapin, N.I., 2008. Theory and practics of innovations: Training material, Moscow: University book; Logos

Schumpeter, J.A., 2008. The theory of economic development, Translated by Avtonomova, V.S., Moscow: Direct Media Publishing  

Tupitzin, A., 2002. “Technological Leadership of Russia - Why Not?”, Innovations [In Russian], No.1: 75-76     

Valenta, F., 1985. Management of innovations, Moscow: Progress 

Verner Sombart, 2005. Collected Works in 3 volumes. Volume 2. Handler und Helden: patriotische Besinnungen. Die Juden und das Wirtschaftsleben.  Translation from German by Kuznitzin, D.B., Shurbelev, A.P., Saint-Petersburg: Vladimir Dal

Keywords Innovation, innovation potential, economy based on innovations, economy based on knowledge, technology, transfer of technologi
Pages 134-140
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