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Selected Innovation Factors: An International Comparison

In: Innovation, Employment and Growth Policy Issues in the EU and the US

Author

Listed:
  • Lothar Funk

    (University of Applied Sciences Düsseldorf)

  • Axel Plünnecke

    (Institut der deutschen Wirtschaft)

Abstract

Contrary to the post-war period where growth and catching-up with the United States could largely be achieved through accumulation of production factors and from assimilating existing technologies, once European countries had moved closer to the technology frontier, innovation has become the main engine of growth. In other words, the balance between imitation and innovation has shifted in favor of the second. At the heart of this ability to innovate lie all those factors that lead either to the introduction of new products (product innovation) or to the introduction of new production processes (process innovation).

Suggested Citation

  • Lothar Funk & Axel Plünnecke, 2009. "Selected Innovation Factors: An International Comparison," Springer Books, in: Paul J.J. Welfens & John T. Addison (ed.), Innovation, Employment and Growth Policy Issues in the EU and the US, chapter 0, pages 153-171, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-00631-9_8
    DOI: 10.1007/978-3-642-00631-9_8
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    Cited by:

    1. Paarlberg, Robert, 2022. "The trans-Atlantic conflict over “green” farming," Food Policy, Elsevier, vol. 108(C).

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