(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 …

As one of the world’s largest recipients of Foreign Direct Investment (FDI), China is emerging as a key global player … strengthening the indigenous innovation capacity of domestic actors and, to an increasing extent, to the process of globalization of … importance of foreign R&D in China based on quantitative mapping in terms of R&D inputs, outputs and local linkages in R …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …