Industry 4.0 : entrepreneurship and structural change in the digital landscape / Tesselano C. Devezas.

Includes bibliographical references.

Acknowledgment; Contents; Introduction; 1 The Arguments; 2 Setting the Stage; 3 The Book; Part I: Structural Change and Cycles; Economic Potential of Breakthrough Technologies and Its Social Consequences; 1 The Global Economy Slowdown During the 5th KEC (1982-2018); 2 On Kondratiev-Schumpeterś Theory of Innovative Cyclical Economic Development; 3 Hirookaś Innovative Paradigm; 4 Forecasting a Rising Phase of the 6th Long Wave According to Kondratievś Economic Theory; 5 Forecasting the Economic Potential of NBIC Technologies. 6 Mainstream Innovations of the 6th KEC and Technological Convergence; 7 Social Consequences of NBIC-Technological Revolution; References; Structural and Technological Stalemate in Eurozone: If This Is the Reality, What We Can Expect?; 1 Introduction; 2 Some Evidences on Bifurcation and Structural Disparities; 3 Nonlinear Model of Bifurcation Process; 4 Eurozone Is in the State of Metamorphism: Some Statistics Evidence; 5 Conclusion; References; On the Asymmetry of Economic Cycles; 1 Review of Economic Cyclic Dynamics Theories; 2 On the Key Parameters of Cyclic Dynamics; 2.1 Periodicity. 2.2 Amplitude; 2.3 Asymmetry; 3 Cyclic Deviations of Linear Trends; 4 Conclusion; References; Modern Trends in Evaluation of Macroeconomic Structural Changes; 1 Introduction; 2 Structural Changes Research Technique; 3 Estimation of Direction of Structural Changes Based on Attractors; 4 Estimation of Quality of Industrial and Technological Structure of Economy; 5 Evaluation of the Imbalance of Economic Structure; 5.1 Disaggregation and Structural Technological Shifts; 5.2 Analytical Solution; 6 Results; 7 Conclusion; References; Distribution and Clusters of Basic Innovations; 1 Introduction. 2 Poisson Regression; 3 Mathematical Proof of the Poisson-distributed Basic Innovations; 4 Empirical Results; 5 Clusters of Basic Innovations; 6 Conclusions; Appendix 1; Appendix 2; References; Financial Instability Under Innovation Development: Reasons and Regulation Within the Model of Evolutionary Processes; 1 Introduction; 2 Evolutionary Processes in Financial Markets; 3 Mathematical Model of Evolutionary Processes; 4 Instability of Financial Markets and It Impact on the Macroeconomic Development; 5 Empirical Analysis of the Existing Trends; 6 Concluding Remarks; References. Part II: Technological Change; The Challenges in the Transition from Fossil Fuel to Renewable Energy; 1 Introduction; 2 Literature Review; 3 Stylized Facts; 3.1 Consumption and Supply of Energy; 3.2 Net Generation of Electricity; 3.3 Receipts and Costs; 3.4 Prices of Fossil Fuel; 3.5 Stock Market Performance; 3.6 Carbon Dioxide Emissions; 3.7 Jobs in Renewable Energy; 4 Dynamic Model; 5 Solutions and Optimal Path; 6 Conclusion; References; Racing to a Renewable Transition?; 1 Introduction; 2 Systemic Leadership Concerns; 2.1 Who Is on First Base?; 2.2 Who Is Winning the Renewable Energy Race?

This book presents the latest research perspectives on how the Industry 4.0 paradigm is challenging the process of technological and structural change and how the diversification of the economy affects structural transformation. It also explores the impact of fast-growing technologies on the transformation of socioeconomic and environmental systems, and asks whether structural and technological change can generate sustainable economic growth and employment. Further, the book presents the basic innovations (new technologies, materials, energy, etc) and industrial policies that can lead to such a structural change.