to Porter-like or induced- innovation-like mechanisms is not the subject of this paper. Numerous papers have been already …-run, thanks to en- dogenous innovation, but they have an inverse efiect on the growth rate of proflts. In this paper, energy … issue is con icting as some argue that competition increases innovation while for some market power may generate incentives …

possessed by economies with abundant natural resources. 4 investments, thus spurring innovation as well as future growth are … different approaches. Levine (1997) has, by identifying capital accumulation and technological innovation channels from finance … Innovation 6 growth. They used cross-sectional data for a sample of 47 countries between the period 1976 and 1993. The …

they intend to have their hybrid vehicles on the market by no later than 2005. The next technology innovation on the …

some state variables and/or innovation terms are omitted from the rule, or otherwise constrained. Alternatively, at the …

some state variables and/or innovation terms are omitted from the rule, or otherwise constrained. Alternatively, at the …

innovation are ρG = 0.966 and σεG = 0.001, respectively. The technology shock is also assumed to follow a univariate … innovation sequences parenleftbigεGt ,εrt,ε̥t ,εuwt parenrightbig for a sample period of 200 quarters. All values reported in …

accordingly once p t e has been recovered. As a result, the innovation model can be written as … 24 We departed from the estimated parameters of the VAR, the estimated innovation model described in (10) and the …

particular interest because it is the one exposed to financial contagion. Another innovation of the paper is to provide a … innovation of the paper is to provide a quantitative insight into the consequences of chain reactions, both at the firm and …