JOURNAL ARTICLE
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Über Auswirkungen von Produkt- und Technologieinnovation auf das Wachstum
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 113–122
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Sell, Axel
Andresen, Harald
References
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Rose, K. (1964), Artikel „Produktivität", in: Handwörterbuch der Sozialwissenschaften.
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Spremann, K. (1976), Uber Auswirkungen von Produkt- und Technologieinnovationen auf das Wachstum, in: Zeitschrift für Wirtschafts- und Sozialwissenschaften, S. 143 - 160.
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Varga, S. R. (1962), Matrix Iterative Analysis, Englewood Cliffs (Automatic Computations Series).
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Abstract
From a growth model bearing the effects of innovation through the development of the capital stock, Spremann acts upon that innovative behaviour through rearrangement of capital stock, could lead to lower growth rates even when having desirable effect in the short term. It can be shown that such a result is impossible without assuming the contraction of demand. At last it would request a construction of a model, which explicitly includes demand. Furthermore it was suggested that the vector describing the effect of innovation should be changeable in time.