proposed by Wijnholds and Kapteyn, as well as a discussion of costs of reserves’ holding. It therefore provides empirical proof …

and lowering the costs of insolvency should it occur. In particular it considers whether a lex specialis for dealing with …

firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …

play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …

An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines … intermediation (entrepreneurship, transaction costs, institutions), all of them integrated. It is easier done than said with the …

This paper presents the stylized facts of open source software innovation and provides empirical evidence on the impact … formal model that captures the innovation impact of OSS entry by examining a change in market structure from monopoly to …

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of …