&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

innovation and economic growth in the future, France will need to equip itself with the institutions that will enable the country … of its potential to become a vector for growth and to assume the role of a facilitator in an innovation-based economy …

factors – financial, legal, and labor market institutions – affect the group-innovation relationship. The paper outlines two … innovation performance of GAFs is stronger for national economies with weaker legal institutions (as predicted by the …

informational constraints faced by the social planner. Innovation in the private sector by financial institutions and manufacturing … firms are held responsible for the negative externalities they impose, unlimited liability may discourage innovation in … strong legal regimes. Limited liability, however, might be accompanied by excessive innovation. In this framework we consider …

This paper looks at the link between the quality of economic institutions and innovation, and innovation and growth. We … construct a measure of the innovation content of individual manufacturing industries and show that countries with stronger … economic institutions specialize in more innovation‐intensive industries. Our results also provide evidence that industries …