In search of lost time. Large firms and technological innovation
Vera Negri Zamagni
This essay offers some thoughts prompted by reading volume X of the series of historical studies produced by the Bank of Italy – a volume devoted to analyzing the relationships between technological innovation and economic growth in Italy in the post-World War II period. The major message emerging from it is that technological innovation has declined in Italy as from the end of the 1980s due to the collapse of many of the big corporations that were alone able to develop innovative research and introduce technological change. It was therefore in the first place a crisis in demand that led to the decline in innovation, and only subsequently in supply.
Industrial policy, Economic History of Europe, R&D
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