Aghion, Philippe; Roulet, Alexandra - In: Annual Review of Economics 6 (2014) 1, pp. 913-926
As countries develop, the main driver of economic growth shifts from imitation to innovation. These two sources of … imitation-based to an innovation-based economy calls the old welfare state model into question. It is not so much the size of … market-driven innovation process. This idea of a strategic state that targets its investments to maximize growth in the face …
