Theoretical Study of the “Front Line” in Economic Growth: - A Trial Theory for Bridging Economic Growth Models and Innovation

-Economic growth is a fundamental concern for the wealth of nations and the richness of their lives. In order to unravel the mechanisms of economic growth, models of economic growth have also been studied and developed centered on mathematical notation. On the other hand, innovation, which is the source of economic growth, is a long-term phenomenon with a complex process, making it difficult to accurately grasp its entire picture or to reproduce it mathematically. Therefore, innovation and economic growth models are not perfectly aligned, posing several questions in between. For example, who are the bearers of innovation, where are the ideas to change the paradigm generated from, and what are the incentives to do so? In this paper, in addition to the stages of economic activity named “current paradigm” and “emerging new style” based on the previous economic growth model, a new stage called “front line” is introduced to present a frame for considering economic activity in society in relation to the process of innovation creation from the perspective of economic growth.