Innovative Development and Economic Growth
Abstract
With reliance on the World Bank statistics, we prove that innovation exports distribution is subjected to the well-known Zipf Law (rank – frequency distribution) – one of a family of related discrete power type probability distributions. For countries belonging to the core of high-tech exports power-type distribution, we define significant statistical dependences of the share of high-tech products being exported on the values pertaining to the innovative component of intellectual capital (patent applications, trademarks, pre-production prototypes and designs). We define a relation of the share of added value created in different countries to the share of their respective high-tech exports. We establish that under the current world economic crisis, the growth of innovation sector has multiplied the growth of added vale in an economy, with multiplication ratio > 1.
References
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