The notion of Social System of Innovation and Production (SSIP) refers to an approach that tries to incorporate institutional elements into the economic analysis of technological change and to study the impact of these elements on long-term economic performance. The complementarities that exist...

This paper investigates the possibility of accounting for the role played by institutions in the dynamics of technical change and growth in a policy oriented perspective. The main question is to choose the institutions relevant for such an analysis. Approaches like that of the National Systems...

The paper investigates, from the welfare and growth point of view, the existence of a trade-off between the stability and the efficiency of the banking system, studying the costs and benefits of regulatory programs. Welfare is considered in the context of an overlapping generation model with...

This paper exposes a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to fast output growth with a simultaneous decline in welfare along a balanced growth path. This illustrates the idea that satisfaction is not...

A retrospective analysis of European integration shows how political factors and economic opportunities/constraints have interacted in the progressive design of an unprecedented form of federalism. Political reconciliation of former enemies (France and Germany), modesty of the first steps of...

Recent studies have highlighted the existence of asymmetries in employment dynamics. This paper contributes to the analysis of this dynamics through the explicit modelling of its two components -job creations and job destructions. We propose a simple matching model extended for endogenous...

In order to assess the importance of embodiment, we build up an endogenous growth model in which learning by doing is the engine of both embodied and disembodied technological progress. In sharp contrast to Phelps (1962), we show that a change in the composition of technical change affects the...