Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital. The
Use of information is basic to economic theory in two ways. As a basis for optimization, it is central to all normative hypotheses used in eco- nomics, but in decision-making situations it has stochas
Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavio
The current economic theory of innovation mainly analyses the technology factor and its impact on economic growth. In today's world, growth in information technology and knowledge of new ideas has alt
Representing a significant extension to the current theory of innovation, this analysis offers a novel paradigm based on US and Asian data that applies the Schumpeterian model of innovation to today’s
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applicati
This monograph extends recent methods of analysis of production efficiency by integrating two approaches in measuring the economic performance of firms and industries: data envelopment analysis (DEA)
This book examines the new paradigm of change in technology intensive industries, it provides theoretical and empirical analysis, using non-parametric models of efficiency.
Over the last twenty years industrial economies have experienced dramatic changes, as technology, innovations and information networks have rapidly expanded and developed worldwide. This volume prese
