5% of productivity growth. There is a small negative effect of less than half a percent on employment when industries …

This Paper presents a model of innovations and economic growth, in which patent rates emerge endogenously, as a result …-inefficient, as too many researchers look for the easy innovations, while too few search for the difficult ones. The third result is …

, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding … competition for the innovation, without reducing the total rents for innovations too much. …

an increase in either the size or the frequency of innovations, from human capital accumulation through learning … of innovations or through introducing learning by doing with positive external effects across sectors) introduces new …

This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously … property rights in the North. For a certain range of products, the optimal response to this tradeoff is the emergence of …

of services in GDP, employment and international transactions. However, large differences exist across transition … economies with respect to services intensity and services policy reforms. We find that reforms in policies towards financial and … infrastructure services, including telecommunications, power and transport, are highly correlated with inward FDI. Controlling for …

Advances in communication technology make it possible for workers in India to supply business services to head offices …. Service trade, however, like goods trade, is subject to strong distance effects, implying that the remote supply of services …

under-development of services in an economy that was slow to move out of agriculture. As German agricultural employment … services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external … contracted sharply from the 1950s, catching-up occurred in services. This was aided by a sharp increase in human and physical …

services as they are for manufacturing. We use a longitudinal database for Dutch firms in the retail and hotel and catering … sectors to identify around 13,000 new-firm start-ups and 47,000 incumbents in the services and track them over subsequent … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …