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2017 | OriginalPaper | Chapter

Distribution and Clusters of Basic Innovations

Authors : Michael Y. Bolotin, Tessaleno C. Devezas

Published in: Industry 4.0

Publisher: Springer International Publishing

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Abstract

This paper presents our recent results on the issue of the temporal distribution of basic innovations, which, as we know, it is the main driver of economic growth. Numerous scholars have addressed this issue, and we can say that the Poison distribution is the commonly accepted one. On the other hand, there is not a convincing substantiation of the fact. This article provides a retrospective analysis of statistical evidence, and present a proof of the Poisson distribution of basic innovations based on the theory of random processes. In the empirical part of the research we have used one unified supersample time series rather than smaller different datasets as previously done by other authors.

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previous chapter Modern Trends in Evaluation of Macroeconomic Structural Changes
next chapter Financial Instability Under Innovation Development: Reasons and Regulation Within the Model of Evolutionary Processes
Appendix
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Literature
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Metadata
Title
Distribution and Clusters of Basic Innovations
Authors
Michael Y. Bolotin
Tessaleno C. Devezas
Copyright Year
2017
Book
Industry 4.0

Print ISBN: 978-3-319-49603-0

Electronic ISBN: 978-3-319-49604-7

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-49604-7_6