(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …

of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

The importance of promoting innovation has been elevated up to a status of official standard since the Lisbon European … innovation could be built. R&D has been a growing area of investigation namely at level of firms micro studies aimed at … uncovering firms’ innovation capability. At the macro level, the relevance of R&D for countries’ innovation capability has been …