Innovation, institutions and competition: a reflection on the contribution of the Soft Budget Constraint approach

Muriel Dal-Pont Legrand ()
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Muriel Dal-Pont Legrand: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND

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Abstract: The purpose of this paper is to analyze the contribution of SBC analytical framework to the understanding of the interactions between innovation and (financial) institutions. Surveying the contribution of SBC literature to innovation processes, this paper emphasizes the original concept of competition or of 'dynamism' (Kornai 2010) developed by SBC approach. This paper also points out the role of financial institutions in coordination problems and in firm(s) selection process. We briefly conclude examining the possible theoretical connections between SBC and well-known Schumpeterian approaches.

Keywords: Competition; dynamism; growth; Soft Budget constraint (SBC); institutions; concurrence; dynamisme; innovation; croissance (search for similar items in EconPapers)
Date: 2012-04-15
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Published in H Kramer, HD Kurz, and HM Ttautwein. Macroeconomics and the History of Economic Thought, Routeledge, pp.338-350, 2012

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00717460

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