Concurrence et innovation en Europe. Le dilemme de la compétitivité
Competition among firms as well as among countries is one of the main innovation engines. In this perspective, growth policy should be understood as the formulation and enactment of the rules that assure full competition. However, things are much more complex in reality. Innovation is a creative destruction process that implies the disruption of a given productive structure, and the construction of a new and different one. This process can succeed or fail. It brings about co-ordination problems, not only at the innovating firms? level but also in relation with the environment. Focusing on the co-ordination conditions of the out-of-equilibrium process stirred by the choice of a given technology rather than on the incentives determining this choice has paramount analytical and policy implications. Monopolist practices as well as active macroeconomic policies thus appear as necessary means to guarantee the viability of the process of change. This view calls for trade-offs between conflicting objectives. JEL Classification: L1, L03, L04.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Philippe Aghion & Nick Bloom & Richard Blundell & Rachel Griffith & Peter Howitt, 2005.
"Competition and Innovation: an Inverted-U Relationship,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 120(2), pages 701-728.
- Howitt, Peter & Griffith, Rachel & Aghion, Philippe & Blundell, Richard & Bloom, Nick, 2005. "Competition and Innovation: An Inverted-U Relationship," Scholarly Articles 4481507, Harvard University Department of Economics.
- Philippe Aghion & Nicholas Bloom & Richard Blundell & Rachel Griffith & Peter Howitt, 2002. "Competition and innovation: an inverted U relationship," IFS Working Papers W02/04, Institute for Fiscal Studies.
- Philippe Aghion & Nicholas Bloom & Richard Blundell & Rachel Griffith & Peter Howitt, 2002. "Competition and Innovation: An Inverted U Relationship," NBER Working Papers 9269, National Bureau of Economic Research, Inc.
- Aghion, Philippe & Banerjee, Abhijit, 2005. "Volatility and Growth," OUP Catalogue, Oxford University Press, number 9780199248612.
- Mario Amendola & Jean-Luc Gaffard & Patrick Musso, 2006.
"Innovation, Productivity Gains and the Evolution of Market Structure,"
Revue de l'OFCE,
Presses de Sciences-Po, vol. 97(5), pages 113-134.
- Mario Amendola & Jean-Luc Gaffard & Patrick Musso, 2006. "Innovation, productivity gains and the evolution of market structure," Sciences Po publications info:hdl:2441/6542, Sciences Po.
- Phelps Edmund S., 1997. "A Strategy for Employment and Growth: the Failure of Statism, Welfarism and Free Markets," Rivista italiana degli economisti, Società editrice il Mulino, issue 1, pages 121-128.
- Philippe Aghion & Ioana Marinescu, 2008.
"Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?,"
in: NBER Macroeconomics Annual 2007, Volume 22, pages 251-278
National Bureau of Economic Research, Inc.
- Aghion, Philippe & Marinescu, Ioana, 2007. "Cyclical Budgetary Policy and Economic Growth: What Do We Learn From OECD Panel Data?," Scholarly Articles 3350066, Harvard University Department of Economics.
- Lancaster, Kelvin, 1975. "Socially Optimal Product Differentiation," American Economic Review, American Economic Association, vol. 65(4), pages 567-585, September.
When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_102_0353. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.