Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong … correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the … other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance …

detailed regional facilitating and driving factors related, inter alia, to talent, innovation, skills, networks, accessibility …

regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on this … in innovation on the polluting firm's steady-state capital stock. Fourth, they analyze the impact of an anticipated … increase in innovation on the polluting firm's steady-state capital stock. Finally, the authors discuss the relationship …

. In the deterministic model, R&D in time t surely leads to an innovation in time t + 1. In this setting, the authors show … hence achieves a larger size of innovation and a higher growth rate. Next, in the stochastic model, R&D in time t … probabilistically leads to an innovation in time t + 1. In this setting, the authors first define the equilibrium and the steady state …