The object of study is the exchange of knowledge between agents of the private sector and its implications for innovation, social welfare and economic policy. The exchange of knowledge is of great importance, in particular with respect to innovative activity. New Growth Theory for instance...

Technological advancements, especially in Information and Communication Technologies (ICT) have enhanced greatly the competition spurred by the globalization of the world economies. Even small and medium-sized enterprises (SMEs) are no more immune to the challenges that the globalization brings...

The internationalization of corporate research and development (R&D) is an increasing trend with implications for both R&D managers and policy makers. In this research, 62 foreign-owned R&D facilities from information and communication technology (ICT) industries as well as life sciences...

Innovation is still an obscure concept although many efforts have been made to improve the understanding and measurement of it. The growth of service activities throughout the economy has encouraged scholars, policy makers and executives to explore the determinants and features of the innovation...

We study the optimal R&D trajectory in a setting where new technologiesare never perfect backstops in the sense that there is no perfectlyclean technology that eventually solves the pollution problem once andfor all. New technologies have stings attached, i.e. each emits a specificstock...

We derive an R&D-based semi-endogenous growth model where technological progressdepends on the available amount of technological opportunity. Incremental innovationsprovide direct increases in the knowledge stock but they reduce technological opportunityand thus the potential for further...