Innovation and growth: supply and demand factors in the US expansion
It is widely held that the social-economic context of the United States, characterised by labour market flexibility and deregulation of product and capital markets, lies at the basis of the innovative capacity displayed by the countryâ€™s productive system in the â€˜90s, thus accounting for the growth differential with Europe. Starting from a different interpretative model of innovation and growth, the paper focuses on both supply (institutional and technological) and demand factors. It is argued that, when their interaction is duly taken into account, there is no strong evidence that more deregulated labor and product markets are among the factors allowing for US growth. In accordance with the view that there is no single road to innovation and growth, this leaves room for exploration and implementation of policies that might reconcile innovation and growth with the safeguard of fundamental features of Europeâ€™s social institutions.
|Date of creation:||Feb 2002|
|Contact details of provider:|| Postal: Via Del Castro Laurenziano 9, 00161 Roma|
Phone: +39 6 49766353
Fax: +39 6 4462040
Web page: http://www.dipecodir.it/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sap:wpaper:wp53. 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: (Luisa Giuriato)
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.