The Analysis of Innovation in Innovation-Driven Growth Models

Revue Française d'Economie, Vol. 14, No. 2, pp. 189-221

Posted: 9 Mar 2008 Last revised: 11 Dec 2013

See all articles by Patricia Crifo

Patricia Crifo

Ecole Polytechnique, Paris - Laboratoire d'Econometrie; Université Paris X Nanterre - Department of Economics; Center for Interuniversity Research and Analysis on Organization (CIRANO)

Date Written: 1999

Abstract

As major determinants of economic activity, innovation and research and development activities are major issues in the analysis of growth. Focusing on microeconomic aspects of innovation within the endogenous growth literature helps reconsidering the sources and mechanisms of growth. This article studies the analysis of innovation within endogenous growth models by reconsidering the standard decomposition based on the nature of technological progress, namely an increase in the variety or quality of goods. In the light of recent contributions on public policy analysis, these theoretical models are analysed within the debate on market structures and the nature of the discovery process. The technological adoption process turns out to be enriched, and competition, traditionally viewed as detrimental, recovers relevancy in the analysis of growth.

Keywords: Innovation, Growth, Horizontal Differentiation, Vertical Differentiation

JEL Classification: O3, O4, L1

Suggested Citation

Crifo, Patricia, The Analysis of Innovation in Innovation-Driven Growth Models (1999). Revue Française d'Economie, Vol. 14, No. 2, pp. 189-221. Available at SSRN: https://ssrn.com/abstract=1103112

Patricia Crifo (Contact Author)

Ecole Polytechnique, Paris - Laboratoire d'Econometrie ( email )

Route de Saclay
Palaiseau, 91128
France

Université Paris X Nanterre - Department of Economics

Nanterre Cedex, 92001
France

Center for Interuniversity Research and Analysis on Organization (CIRANO)

2020 rue University, 25th floor
Montreal H3C 3J7, Quebec
Canada

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