Saviotti, Pier Paolo; Pyka, Andreas - In: Economics of Innovation and New Technology 22 (2013) 5, pp. 461-482
In order to explain long-run economic development, we analyse in this paper the interplay between supply-side and demand-side processes. On the supply side, three different innovation processes are observed and interact: (i) growing productive efficiency, (ii) the emergence of new sectors and...