Increasing productivity growth through innovation is a key to raising living standards. Although R&D intensity in Japan …. The innovation system, which developed during the catchingup process, is largely input-driven and focused on incremental … innovation based on closed and stable corporate and employment systems. However, this approach is less appropriate in the current …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at …. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This …

innovation comes about and the speeds of both invention and diffusion. For much of human history, innovation had been primarily a … mills or the printing press. The mechanisms that account for innovation becoming a routine activity in terms of the …