ineteconomics.org | facebook.com/ineteconomics 300 Park Avenue South, 5th Floor, New York, NY 10010 USA Innovation and Finance: A Stock Flow Consistent Analysis of Great Surges of Development Alessandro Caiani, Antoine Godin, and Stefano Lucarelli November 2013 DISCLAIMER AND ATTRIBUTION © 2013 by Alessandro Caiani, Antoine Godin, and Stefano Lucarelli. All rights reserved. Short sections of text may be quoted without explicit permission provided that full credit is given to the source. Institute for New Economic Thinking (INET) Research Notes are circulated for discussion and comment purposes and represent their authors' views only.