Perspectives of Innovations, Economics and Business

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Volume 13
Issue 4
Online publication date 2013-11-05
Title Peculiarities of economic development on the basis of innovation and innovation potential
Author Allahyar Muradov, Rahim Huseynov
Abstract
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.      

Citation
Keywords Innovation, innovation potential, economy based on innovations, economy based on knowledge, technology, transfer of technologi
DOI http://dx.doi.org/10.15208/pieb.2013.22
Pages 84-91
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