We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …

framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …

This paper uses new business micro data from the Business Research and Development and Innovation Survey (BRDIS) for … the years 2008-2011 to relate the discrete innovation choices made by U.S. companies to features of the company that have … long been considered to be important correlates of innovation. We use multinomial logit to model those choices. Bloch and …

The innovation activities of companies has long been a topic of interest in economics. Game theory models of oligopoly … have since the start of the 1980s played a central role in the economics of innovation. In this study three game theory … model is used to study patenting decisions by a company that has made an innovation. A company can monopolize its innovation …

. The main contribution of this paper is to model the innovation channel of finance explicitly. The paper focuses … particularly on the interaction term between the measure of own innovation and financial development. As countries approach the … technological frontier, own innovation becomes more important to sustain a high growth rate. An adequate level of financial …