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Theory of Innovation and Causal Dynamics

  • Sangaralingam Ramesh
Chapter

Abstract

The theories of technological change generally fall into two categories. These include the Demand-pull and the Technology Push theories associated with technological change. Which of these two theories hold as implications not only for the determinants of how demand varies over time, but also for the determinants of innovation? Moreover, changes in the level of innovative activity are a result of changes in demand, and are not the reason for the volatility of demand. This knowledge is useful in pinpointing the actual causes of the changes in innovative activity.

Keywords

Technological change Causal dynamics Demand Demand-pull Theory 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Sangaralingam Ramesh
    • 1
  1. 1.Department for Continuing EducationUniversity of Oxford, Rewley HouseOxfordUK

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