Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question … invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this … and material. Therefore, our finding suggests that, at industry level, VC investment increases the patent propensity but …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we find evidence …

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 …

application to innovation, in an environment where an innovator (the host) repeatedly faces the same imitators (parasites), we … show that investment can take place even without patent protection, as parasites limit their imitation to preserve the …

behaviour is introduced. The innovation activity in the R&D sector involves knowledge externalities among skilled workers. Our … dispersion to agglomeration, innovation follows a much faster pace. As a consequence, even those who stay put in the periphery …

product and in labour markets, in the determination of sectoral employment growth in Italy during the last forty years (1951 …