long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional “trapped factor” effect. Starting …

, higher rates of innovation and faster employment growth. Second, there is a substantial dispersion of management practices …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Innovation processes within corporations increasingly tap into international technology sources, yet little is known … about the relative contribution of different types of innovation channels. We investigate the effectiveness of different …