S1 Ep16: The impact of innovation
VoxTalks Economics
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Innovation in the Economy
frame is a unified framework of models that have traditionally been used to study macoconomic policies and business cycles. It has put them on esterads, basically to allow for a reasonable and very realistic notion of technology in the economy. And so pasically, these technologies that ultimately affect the productive capcity of the economy are the result of voluntary actions by companies. In the past, many micro economic models just consider technology as the thing that created growth. We tend to look for the model that is more appropriate for the question that we are trying to answer.
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