This paper examines the impact of government assistance through R&D grants on innovation output for firms in New … the world while its effects on process innovation and any product innovation are relatively much weaker. Moreover, there …

innovation in a socially desirable substitute. Evolutionary theory emphasizes the possibility of innovation waves associated with … products. It does appear, however, that dominant designs did have substantial positive innovation effects. More specifically … innovation effects at the firm level than among individual inventors …