This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by m

The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary

The recent development of endogenous growth theories has renewed the in terest into the sources of productivity growth of the advanced industrialized economies.

"Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [6

The beginning of the twenty first century has been characterized by the expansion of economics, politics and institutional relations. this book illustrates the