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invention mature qui débouche sur de nouveaux produits commercialement disponibles. Les innovations surviennent durant les phases B de Kondratiev, les innovations déclenchent les phases A. On distingue l'innovation procédurale (transforme les modes de production) des innovations produits L'innovation est source de croissance, selon les théoriciens de al croissance endogène (P. Romer) qui insistent sur le rôle des pouvoirs publics dans l'institutionnalisation de l'innovation

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