This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …

This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data … panel GMM system estimation we find positive effects of innovation on employment. This result is robust to the use of … set of German manufacturing firms covers more than 20 years and allows us to use various innovation measures. We can …

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …

, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a …

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … heterogeneity, unobserved heterogeneity, and endogeneity cannot easily be controlled for. The innovation of Acemoglu, Johnson and … Robinson (2001) was to address this last point by using settler mortality as an instrument for geography-induced endogenous …