International Electronic Journal of Mathematics Education

The Effect of Innovative Processes on the Cyclical Nature of Economic Development
  • Article Type: Research Article
  • International Electronic Journal of Mathematics Education, 2016 - Volume 11 Issue 6, pp. 1519-1527
  • Published Online: 26 Aug 2016
  • Article Views: 679 | Article Download: 650
  • Open Access Full Text (PDF)
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: Tyapkina MF, Ilina EA, Mongush JD. The Effect of Innovative Processes on the Cyclical Nature of Economic Development. Int Elect J Math Ed. 2016;11(6), 1519-1527.
APA 6th edition
In-text citation: (Tyapkina et al., 2016)
Reference: Tyapkina, M. F., Ilina, E. A., & Mongush, J. D. (2016). The Effect of Innovative Processes on the Cyclical Nature of Economic Development. International Electronic Journal of Mathematics Education, 11(6), 1519-1527.
Chicago
In-text citation: (Tyapkina et al., 2016)
Reference: Tyapkina, Maria F., Elena A. Ilina, and Julia D. Mongush. "The Effect of Innovative Processes on the Cyclical Nature of Economic Development". International Electronic Journal of Mathematics Education 2016 11 no. 6 (2016): 1519-1527.
Harvard
In-text citation: (Tyapkina et al., 2016)
Reference: Tyapkina, M. F., Ilina, E. A., and Mongush, J. D. (2016). The Effect of Innovative Processes on the Cyclical Nature of Economic Development. International Electronic Journal of Mathematics Education, 11(6), pp. 1519-1527.
MLA
In-text citation: (Tyapkina et al., 2016)
Reference: Tyapkina, Maria F. et al. "The Effect of Innovative Processes on the Cyclical Nature of Economic Development". International Electronic Journal of Mathematics Education, vol. 11, no. 6, 2016, pp. 1519-1527.
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: Tyapkina MF, Ilina EA, Mongush JD. The Effect of Innovative Processes on the Cyclical Nature of Economic Development. Int Elect J Math Ed. 2016;11(6):1519-27.

Abstract

The article describes the main characteristics of the economic cycles, a chronology of technological mode with an indication of the driving sectors and sources of energy, in addition it is noted that the economic cycle depends on technological modes and innovative development. It is pointed that the effectiveness of innovative development of organizations lies in achieving of technical, resource, economic and social effects (multi-effect). The article presents the author's interpretation of the term “innovation activity”. Innovation activity is the activity that includes scientific, technological, organizational, financial and business activities, is based on the intellectualization and focused on the commercialization of scientific knowledge, technology and equipment; it combines the social, economic, technical, resource effects. The result of innovation activity is an innovation, as a product (service) or process (technology), and its development is a factor of economic dynamics. The factors influencing innovation activity were emphasized and classified into internal and external, constant and variable-based factors. The conclusion was drawn that the emphasized factors not only affect the innovative activity of organization, but also characterize the life cycle stage of organization, the development of which is also a cyclic process. The article is theoretical.

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License

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