The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is … inequality, raises the intensity of research activities and the growth rate of the economy. …

specialization in favor of medium-tech firms rather than high-tech firms and consequently slows down the process of economic growth …. The results of the paper are consistent with documented data on Europe versus US productivity growth and specialization …

uses the Schumpeterian model of innovation-diffusion as a framework for the study of "why growth rates differ" between … finding of chapters 2-3 is that differences in the growth of national technological activities, whether measured through R …&D or patent statistics, contribute significantly to differences in economic growth and export performance across countries …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

How does innovation impact on development? How, and under what conditions, do entrepreneurs in developing countries … innovate? And what can be done to support innovation by entrepreneurs in developing countries? This policy brief addresses … these questions and explains the relationship between entrepreneurship, innovation and development. Policy lessons are drawn …

This study examines the impact of process and product innovation on employment growth across four Latin American … countries (Argentina, Chile, Costa Rica, and Uruguay) using micro data from innovation surveys. Specifically, we relate … employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products. Results …

surveying the theoretical and empirical literature linking the protection of IPRs to economic growth, innovation and technology … Intellectual Property Rights (IPRs) protection in terms of its impact on innovation and technology transfer, as well as economic … growth and welfare. This paper documents the development of IPR regimes within countries and internationally, before …