productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …

dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …

technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

endogenous share opts for innovation and faces credit constraints in the subsequent expansion phase. We emphasize four results …: (i) R&D subsidies not only encourage innovation but also relax finance constraints and help innovative firms to exploit … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …

We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in …

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …