A new version of this entry is available:
Loading...
ResearchPaper
2013
Innovation, economic diversification and human development
Innovation, economic diversification and human development
Institute of Economics
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
Abstract (German)
In this paper we bridge a gap between innovation economics and the human development approach by analyzing positive and negative effects of different types of economic diversification on social welfare. Economic variety is a driver and outcome of economic development. However, diversification leads to ambiguous effects on the well-being of human agents: on the one hand, increasing variety augments the freedom of human agents to choose. On the other hand, it can overburden their capabilities to make economic decisions and can deteriorate their well-being. It becomes clear that human development policy has to go hand in hand with an industrial policy that promotes qualitative economic diversification. Depending on its dynamics, this diversification can be achieved via related and unrelated variety. We can expect a better design of development policies from a better understanding of the co-evolutionary development of variety, freedom of choice and well-being.
File is subject to an embargo until
This is a new version of:
Notes
Publication license
Publication series
FZID discussion papers; 65
Published in
Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
State Institutes
Institute
Institute of Economics
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Free keywords
Standardized keywords (GND)
BibTeX
@techreport{Pyka2013,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5677},
author = {Pyka, Andreas and Hartmann, Dominik},
title = {Innovation, economic diversification and human development},
year = {2013},
school = {Universität Hohenheim},
series = {FZID discussion papers},
}