sources of finance. The scale of restructuring and innovation activity is as high or higher in transition economies as in …

overincentivization of high-skill ones. Aggregate welfare is thus hill-shaped with respect to the competitiveness of the labor market …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

employment is regained by more policy attention toward innovation and its underlying research and development (R&D), accompanied …

research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …

capability (innovate) by upgrading their technology or their product/service (improving quality or developing a new one), taking … into account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation … are important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on …

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R …