stable non trivial allocation of labor to production, innovation and entrepreneurship. We compute the steady state allocation … of labor to production, R&D and Entrepreneurship. We show that the innovation rate decreases if one of the innovative …

generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further … strengthening patent protection will reduce the returns to entrepreneurship sufficiently to reduce overall economic growth. …

stable non trivial allocation of labor to production, innovation and entrepreneurship. We compute the steady state allocation … of labor to production, R+D and Entrepreneurship. We show that the innovation rate decreases if one of the innovative …