Innovating on Innovations
Journal
Rivista di Politica Economica
Type
journal article
Date Issued
2003-02
Author(s)
Abstract
Researchers aiming to invent and develop innovative products and processes need to be continuously updated about at least a minimum fraction of the last relevant innovations. If the flow of new ideas is too intense researchers spend most of their time reading and hearing. This never lasting updating process was assumed costless
by the Schumpeterian endogenous growth models. Accounting for its cost removes the "strong scale effect" from the R&Ddriven growth models and makes long run growth mainly depend on information transmission costs. Therefore efficient information and communication technologies (ICT) and management seem crucial for growth.
by the Schumpeterian endogenous growth models. Accounting for its cost removes the "strong scale effect" from the R&Ddriven growth models and makes long run growth mainly depend on information transmission costs. Therefore efficient information and communication technologies (ICT) and management seem crucial for growth.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Refereed
Yes
Publisher
SIPI Spa
Volume
93
Number
2
Start page
3
End page
29
Pages
27
Subject(s)
Eprints ID
222082