innovation policy: determinants of technological innovation

development of technology is one of the main factors of political change of the modem world. a technological change could change nature and structure of political arrangements of the society. this restructuring of the society could happen by economic and professional change, by creating new division of labor, by creating new classes and new resources, and so on. in this article, first of all, a definition of innovation and distinction between invention and innovation is elaborated. at the second part of the article a review of theoretical literature is presented. and at the final part of the article the result of the statistical analysis is presented. the results show that institutional variables are more important to explain innovation.