Abstract

DIAZ RODRIGUEZ, Héctor Eduardo  and  SOSA CASTRO, Magnolia Miriam. The theory of innovation: from creative destruction to sustainable and sustainable innovation. Anál. econ. [online]. 2025, vol.40, n.104, pp.153-174.  Epub Sep 09, 2025. ISSN 2448-6655.  https://doi.org/10.24275/uam/azc/dcsh/ae/2025v40n104/diaz.

Currently, innovation is recognized as one of the most relevant factors in determining long- term economic growth trajectories. However, the objectives, scopes, determining factors, and the definition of innovation itself have been transforming over time. This study aims to offer a synthetic view of the evolution and trajectory that innovation theory has followed, from its origins to the present. Substantial modifications are identified in at least three dimensions: actors, determining factors, and objectives pursued. A dynamic and eclectic theoretical development is presented, incorporating elements from opposing economic theories, as well as some elements from other disciplines, with its current focus on solving major global challenges.

Keywords : Innovation systems; Sustainable innovation; Blue Finance.

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