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Innovation and Aggregate Economic Performance

Författare

Summary, in English

Although the divergence over the last decades between

Europe and USA has drawn much attention, the dispersion of rates of

economic growth is even larger among the countries within Europe.

There is reason to presume that the more successful among the

European countries are those that have set more innovations into

production. This paper exploits the correlation between innovation, as

materialized in new products, and falling relative prices . Our analysis

suggests that major European countries have a low capability for

innovation and is lagging behind USA. A handful of peripheral

Europan countries have been more successful and to some extent also

extend significant innovation to services

Publiceringsår

2010

Språk

Engelska

Dokumenttyp

Konferensbidrag

Ämne

  • Economic History

Nyckelord

  • Innovation
  • relative prices
  • economic growth

Conference name

6th BETA-WORKSHOP

Conference date

2010-05-14 - 2010-05-15

Status

Unpublished