Working Paper No. 156

Innovative Change, Dynamic Market Allocation and Long-Term Stability of Economic Growth


Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process. Stable and sustained long-term growth in output requires the continuous creation of new technological and commercial solutions to production and marketing problems and exits of outmoded institutions. What is needed, in short, is a continuous turnover of monopoly rents that preserves diversity of economic structure. This means, most importantly, that innovative activity or technical change at the micro market level cannot be treated as an exogenous force, independent of the market process. Hence, discussion of socially optimal choices of technology becomes irrelevant.

Global index of the sharing economy

Timbro SEI

2018 Bergh Funcke Wernberg - Timbro Sharing Economy Index-1fHemsidan.jpg

Andreas Bergh, IFN and Lund University, is one of the authors of this book. The Timbro Sharing Economy Index is the first global index of the sharing economy. The index has been compiled using traffic volume data and scraped data, and provides a unique insight into the driving factors behind the peer-to-peer economy.

About the book

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