sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge … spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …

more important for small-firm innovation than for their larger counterparts. …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

This paper explores the role of replacement and innovation in shaping investment and productivity during episodes of … neither process innovation nor plant expansion. Then, we explore how large investment episodes transmit into the evolution of …

We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the … also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective …. Consequently, technological innovation and, thus, economic growth stop unless financiers continually innovate. Historical …

pursuits of firms and their employees. Using patents and citations as proxies for innovation and a time-varying index of labor … laws, we find that innovation is fostered by stringent labor laws, especially by laws governing dismissal of employees. We … exploit staggered country-level law changes. We also find that stringent labor laws disproportionately influence innovation in …

financial distress. When the code is creditor-friendly, excessive liquidations cause the firm to shy away from innovation. In … contrast, by promoting continuation upon failure, a debtor-friendly code induces greater innovation. This effect remains robust … when the firm attempts to sustain innovation by reducing its debt under creditor-friendly codes. Employing patents as a …