, the link between institutions and innovation remains a black box. This paper aims to shed light on how institutions shape … innovation. In particular, low quality of government becomes a fundamental barrier for the innovative capacity of the periphery … of the EU, strongly undermining any potential effect of any other measures aimed at promoting greater innovation. The …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …