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...

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 purpose of this article is to study the pattern of technical change in the service sector using an indicator ot total technology intensity which takes account of the R&D incorporated in purchases of intermediates and equipment. The service sector does not appear as homogeneous and some...