Abstract
In this paper, we propose a Supplement to the theory of the emergence of innovations in long Kondratiev cycles. The regularities of the emergence of crisis phenomena and the contribution of J. Schumpeter to the development of the innovative economy are considered. A comparative analysis of Marketing strategies is carried out. Schumpeter and N. D. Kondratiev, identified distinctive factors and common combinations. The stages of long wave cycles over several decades are analyzed. The analysis revealed innovative peaks that occur in the middle of the depression phase, followed by stages of economic activity growth after a certain period of time. The authors studied the theory of the trigger effect of depression, similar to the trigger action, which results in an avalanche of innovation growth. To confirm the theory of the existence of the “trigger effect of depression”, statistical data on the number of patents and applications filed in Russia and the United States for several decades, which are indicators of innovation activity, are presented. The authors put forward a hypothesis about the possibility of describing the periodic change in the number of innovations over time using “parametric resonance” models and the Mathieu equation.
Highlights
At the beginning of the XX century, the term "innovation" was first introduced into economic theory and scientific circulation as a new economic category that defines changes in order to introduce, produce, and use new products, markets, and forms of company organization
It is revealed that during periods of depression, the market of the economy is most prone to the emergence of innovations, since depression makes us look for ways to survive, and innovations and their active application can provide such ways [9, 10]
The analysis revealed innovative peaks that occur in the middle of the depression phase, followed by stages of economic activity growth after a certain period of time [13]
Summary
At the beginning of the XX century, the term "innovation" was first introduced into economic theory and scientific circulation as a new economic category that defines changes in order to introduce, produce, and use new products, markets, and forms of company organization. J. Schumpeter was the first to reveal this concept and theoretically justified the importance of innovations for market competition based on advances in science and technology. Using a new source of raw materials. GENERAL: * Using a new source of raw materials. * Introduction and development of new production methods and processes. GENERAL: * Using a new source of raw materials. * Introduction and development of new production methods and processes.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
