The article suggests that stringent restrictions must be imposed on the composition of the innovation flow, and on the methods in use, to support the claim of a positive, systematic long-run influence of innovations on effective demand. Such restrictions go well beyond the standard distinction between product and process innovation.

Caminati, M. (1986). Technical Progress, Economic Life of Equipment and Effective Demand. POLITICAL ECONOMY, 2(2), 115-146.

Technical Progress, Economic Life of Equipment and Effective Demand

CAMINATI, MAURO
1986

Abstract

The article suggests that stringent restrictions must be imposed on the composition of the innovation flow, and on the methods in use, to support the claim of a positive, systematic long-run influence of innovations on effective demand. Such restrictions go well beyond the standard distinction between product and process innovation.
Caminati, M. (1986). Technical Progress, Economic Life of Equipment and Effective Demand. POLITICAL ECONOMY, 2(2), 115-146.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11365/404373