Caiani, Alessandro; Godin, Antoine; Lucarelli, Stefano - Dipartimento di Scienze Economiche e Aziendali, … - 2012
Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow consistent framework. It focuses on the essential role of...
