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Aghion, Philippe; Van Reenen, John; Zingales, Luigi - C.E.P.R. Discussion Papers - 2009

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...

Persistent link: https://www.econbiz.de/10005661518

Quality Improvements in Models of Growth

Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994

Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...

Persistent link: https://www.econbiz.de/10005067489

Venture Capital and Industrial ''Innovation''

Hirukawa, Masayuki; Ueda, Masako - C.E.P.R. Discussion Papers - 2008

unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a … affects total factor productivity growth. We do find that VC investment is positively associated with labor productivity but …

Persistent link: https://www.econbiz.de/10005136420

Technology in Growth

Keely, Louise; Quah, Danny - C.E.P.R. Discussion Papers - 1998

We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more...

Persistent link: https://www.econbiz.de/10005497933

Firm collaboration and modes of innovation in Norway

Fitjar, Rune Dahl; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011

This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of 1604 firms in the five largest Norwegian city-regions to test, by means of a logit regression analysis, Jensen et al.’s (2007) contention that firm innovation is both the result...

Persistent link: https://www.econbiz.de/10009225958

Venture Capital and Innovation: Which is First?

Hirukawa, Masayuki; Ueda, Masako - C.E.P.R. Discussion Papers - 2008

Policy makers typically interpret positive relations between venture capital investments and innovations as an evidence …-sided because there may be a reverse causality that innovations induce venture capital investments ('innovation-first hypothesis … productivity (TFP) growth and patent counts as measures of innovation. Using a panel AR regression as well as industry …

Persistent link: https://www.econbiz.de/10005666846

Innovation, Competition, and Investment Timing

Koskinen, Yrjö; Mæland, Jøril - C.E.P.R. Discussion Papers - 2012

In our model multiple innovators compete against each other by submitting investment proposals to an investor. The investor chooses the least expensive proposal and when to invest in it. Innovators have to provide costly effort and they learn privately the cost of investing. Multiple efforts...

Persistent link: https://www.econbiz.de/10011084370

R&D, Socio-Economic Conditions and Regional Innovation in the United States

Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

productivity of innovation efforts. …

Persistent link: https://www.econbiz.de/10011083285

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in these two countries, we show that both countries exhibit increasingly strong polarisation of innovative capacity in a limited number of urban areas. But the factors behind this...

Persistent link: https://www.econbiz.de/10011083752

Do inventors talk to strangers? On proximity and collaborative knowledge creation

Crescenzi, Riccardo; Nathan, Max; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2013

This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...

Persistent link: https://www.econbiz.de/10011084309