Economics, Econometrics and Finance
8 years ago

Small vs Large Innovations: Key to Economic Success in Mechanical Engineering

Palgrave Macmillan UK eBooks
The Relationship between Technical Change and Economic Performance in Mechanical Engineering: Some Evidence
Roy Rothwell

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The article explores how important technical changes are for the economic success of different sectors, focusing on mechanical engineering. It looks at whether small or big changes in technology are needed for competitiveness. The researchers studied textile machinery and found evidence that both incremental and radical innovations are crucial for current and future success in this field. These findings have implications for government policies in supporting innovation in mechanical engineering.