There is no doubt that innovation is nowadays the main determinant ofeconomic growth and that the human resource is as a crucial factor of the process ofinnovation.As the role played by this factor the mainstream viewpoint emphasizes labourmarket rigidities in the explanation of cross-countries...

In this paper we analyse the role of financial resources in a process of competition interpreted as a continuous restructuring of productive capacities. Financial constraints appear an essential means of co-ordination. Co-ordination with the environment where this process of restructuring takes...