THEORETICAL FOUNDATIONS OF SHAPING AN INNOVATIVE ECONOMY
Keywords:
innovative economy, theoretical foundations, creative destruction, endogenous growth, digital transformation, sustainable innovations, innovation spillovers, evolutionary economicsAbstract
In the contemporary global economy, shaping an innovative economy serves as a key mechanism for ensuring sustainable development and competitiveness of nations. This article analyzes the theoretical foundations of innovative economy formation based on Joseph Schumpeter's "creative destruction" theory, endogenous growth models (Paul Romer), and evolutionary economics (Nelson and Winter). Employing a systematic literature review (following PRISMA protocol) and bibliometric analysis (from Scopus and Web of Science databases, 2020-2025 articles), it examines the role of digital transformation, sustainable innovations, and AI technologies.
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