<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation-economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.</p></abstract>

Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation-economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.

Education, Innovation and Economic Development

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Education, Innovation and Economic Development"}

Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level...

Education, Innovation and Economic Development

Published Online: Nov 19, 2016

Page range: 158 - 164

DOI: https://doi.org/10.1515/sbe-2016-0029

Keywords
innovation, higher education, competitiveness, economic development

© 2016 Todericiu Ramona et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Education, Innovation and Economic Development

Published Online: Nov 19, 2016

Page range: 158 - 164

DOI: https://doi.org/10.1515/sbe-2016-0029

Keywordsinnovation, higher education, competitiveness, economic development

© 2016 Todericiu Ramona et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
innovation, higher education, competitiveness, economic development