Business Cycles and Service Innovations: Some Questions in the Light of Schumpeterian Thought

Cycles économiques et innovations de service: quelques interrogations à la lumière de la pensée schumpeterienne

Faïz Gallouj

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Abstract: Long-wave theories generally neglegt service activities and service innovations. Nevertheless Schumpeter's analyses provide us with very suggestive concepts. It provides in particular a large and open definition of innovation. Moreover it enables us to ask following questions : What is the place of service activities and of their innovations in the long-waves ? May we interpret de-industrialization tendancies of developed economies as a process of destruction of old industrial structures and of their replacement by new service firms, respective to the schumpeterian mechanism of creative destruction ? Is the schumpeterian entrepreneurial function involved in service activities and isn't the entrepreneurial function of industrial firms itself partly shared with some special service activities namely consultancy activities ?

Keywords: Innovation; Services; Cycles; Schumpeter (search for similar items in EconPapers)
Date: 1994
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Published in Revue Française d'Economie, 1994, pp.169-213

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