Sustainable Development with Schumpeter Extended Endogenous Type of Innovation and Statistics in European Countries

In the economic growth models, technological progress is either exogenous or endogenous. The endogenized theory is based on analytical modeling of the economic process in order to include the event of innovating. Theory around the subject innovation and economic growth also includes several independent parameters that have a strong impact over innovation. However, few of them established creativity as an independent parameter of innovation. The...