Innovating on Innovations

Guido Cozzi

Rivista di Politica Economica, 2003, vol. 93, issue 2, 3-29

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.

JEL-codes: O32 O41 (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.rivistapoliticaeconomica.it/2003/mar-aprile/Cozzi.zip

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:v:93:y:2003:i:2:p:3-29

Access Statistics for this article

Rivista di Politica Economica is currently edited by Gustavo Piga

More articles in Rivista di Politica Economica from SIPI Spa
Bibliographic data for series maintained by Sabrina Marino ().