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There is no doubt that innovation is nowadays the main determinant ofeconomic growth and that the human resource is as a crucial factor of the process ofinnovation.As the role played by this factor the mainstream viewpoint emphasizes labourmarket rigidities in the explanation of cross-countries...
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Novelty and hysteresis are the main engines of economic evolution. However, they are also at the origin of co-ordination issues, as the consequences of any innovative choice can never be fully expected. Thus, there is no sense in analysing economic change as an intertemporal equilibrium with...
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Cet article est destiné à montrer quelques aspects importants de processus de changement hors de l’équilibre ; en particulier la distorsion de la capacité productive associée à un changement structurel et ses effets au cours du temps. Il est mis en évidence, à titre d’exemple, qu'un...
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