imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long … contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze … welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

ordinary and knowledge labour in production when specifying alternative performance measures and when identifying knowledge … and profitability. To the best of our knowledge, we believe that the main findings of the analysis make contributions to …

We explore the relationship between innovation activity, productivity, and exports using a panel of Spanish … manufacturing firms for 1990-1998. Our results - based on non-parametric tests - suggest that firm innovation status is important in … innovation seems to explain the positive association between exports and productivity for this group of firms. For small non …

future of innovation? First-rate inventions in the 1990s, notably the web and user-friendly business productivity software … markets that welcome innovation, while Europe remains under the control of corporatist institutions that dampen competition …

constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … these constraints force export and innovation activities to become substitutes even when these activities are natural …