International Journal of Econometrics and Financial Management
ISSN (Print): 2374-2011 ISSN (Online): 2374-2038 Website: Editor-in-chief: Tarek Sadraoui
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International Journal of Econometrics and Financial Management. 2014, 2(4), 119-123
DOI: 10.12691/ijefm-2-4-1
Open AccessResearch Article

Evolution of the Innovation Process Models

Mikhaylova Anna Alekseevna1,

1Immanuel Kant Baltic Federal University, Kaliningrad, Russia

Pub. Date: August 27, 2014

Cite this paper:
Mikhaylova Anna Alekseevna. Evolution of the Innovation Process Models. International Journal of Econometrics and Financial Management. 2014; 2(4):119-123. doi: 10.12691/ijefm-2-4-1


The article provides a review of the evolution of scientific concepts on the innovation process. Two main approaches to the innovation process are presented: linear and non-linear, and their distinctive features are defined. Within each approach the main types of models of the innovation process are considered. The stages of formation and development of a linear model of the innovation process are reviewed. Analyzed the influence of various factors on the occurrence of non-linear models of the innovation process. Highlighted the advantages and disadvantages of linear and non-linear approaches to the development of models of the innovation process. The effect of trends in the localization of the innovation process in the current models of the innovation process are studied. The modeling of the innovation process at the present stage is proposed to be considered as a complex, interactive, nonlinear localized learning process.

innovation process linear model of innovation non-linear model innovation innovation

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