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Competition and innovation



Type:   Article
Titre:   Competition and innovation : A challenge for the European Union
Auteur(s):   Gaffard, Jean-Luc - Observatoire français des conjonctures économiques (Auteur)
Nesta, Lionel (1970-...) - Observatoire français des conjonctures économiques (Auteur)
In:   Revue de l'OFCE - Debates and Policies
Date de publication:   2014-05
Éditeur:   Paris  :  OFCE
Numéro:   134
Pages:   231-238  p.
ISSN:   12659576
Mots-clés:   [en] competition , innovation, European Union
Résumé:   [en] Real divergences in economic performances that emerge between countries belonging to the Eurozone make it necessary to define an economic policy oriented towards a re-industrialization of some regions in Europe. In a world characterized by irreversibility of investment and imperfection of market information, supply-side reforms should consist in establishing a framework aimed at supporting both competition and cooperation between the various players of innovation, and thus allowing firm strategies to be successful. This requires reconsidering both national and European policies that are growth-enhancing, that is, industrial policy, competition policy, labour policy, regional policy, and banking policy. However, any change in the industrial landscape in Europe will only be possible if a new macroeconomic policy prevents the inappropriate destruction of productive capacities.


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