Is the Focus on Accelerating the Production of New Technologies Relevant?

Much of the literature has ignored the fact that it takes a while for the diffusion of new technologies once they have been invented. In order to understand how the diffusion process impacts business cycle dynamics for the economy, you have to take into account oacknowledge diffusion. We are interested in understanding the drivers of unemployment, duing the great procession. And weare also studying the innovation ystems of some countries in europe,. not just because they are in europe, but because they are particularly attractive and they present quite nicely thes tention that i was pointing at the beginning about a direct imvolvement of the government in developing innovations.