innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production … function than by a continuous innovation measure. Overall, the growth gains that we find are comparable to the ones of the …We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

geographically and function-ally. They promoted rapid innovation by resorting to systematic Research and Development ef- forts. And … innovation in the econ-omy. Hence, to the extent that policy makers strive to achieve the priorities of citizens, they are …

and the performance of the family firms affect the growth opportunities of the capital market. The aim of the paper is to …

changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …

We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …

institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …