reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …

endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

This paper investigates the effect of export shocks on innovation. On the one hand a positive shock increases market … size and therefore innovation incentives for all firms. On the other hand it increases competition as more firms enter the … export market. This in turn reduces profits and therefore innovation incentives particularly for firms with low productivity …

misallocation of talents to innovation …

This paper investigates the relationship between product market competition and innovation. It uses the radical policy … competition and patenting. It then develops an endogenousm growth model with step-by-step innovation that can deliver this … inverted-U pattern.In this model, competition has an ambiguous effect on innovation. On the one hand, it discourages laggard …