Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the … destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP … the process of destruction. Consequently, the contribution of recent innovations to NNP and to welfare is likely biased …

theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …

nonlinear relationship between debt and growth is very sensitive to modelling choices. We also show that when nonlinearity is …

innovation market. If employment protection is introduced, firms’ willingness to pay for product or process innovations increases …. This shifts economic activity towards firms specializing in process and product innovation and triggers entry of new start … innovations and firms. …

In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using … statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms …

. Barriers to entrepreneurship, to setting up new firms and to innovations which are prevalent on goods and capital markets also …

be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R …