INNOVATION AND ECONOMIC DEVELOPMENT: Toward a system dynamics perspective

摘要

This paper revises the theoretical approaches regarding the dynamics of innovation intending to understand whether or not they can explain the process of quick growth and stagnation of countries. It is contended that system thinking approaches might complement some of classic ones, which we analyze under a system dynamics framework, facilitating exploration and simulation, in order to asses how the dynamics innovation might accelerate the process of growth and development of societies.It is though that the current approaches to the innovation discussion do not clearly explain what has happened to the countries with a quick growth and they do not propose frameworks that allow us to study the effects of possible driving forces that might reflect those same dynamics in countries in development stages. We argue that a systems approach supported by systems dynamics models allow us to better study and evaluate the dynamics of innovation, by considering what effects might have feedback and delays over growth.