from innovation. In this paper, we revisit that question using a nationally representative sample of firms over the period … of the economics of innovation. There are five main findings. First, while patenting firms are relatively uncommon in the … differences in the type of R&D or innovation produced by a firm. We also discuss the implications of these findings for innovation …

We study the global innovation and diffusion of ideas by introducing trade into the model in Eaton and Kortum (1999 … intensity of innovation within countries over time and diffusion rates across countries. We find significant specialization … across the globe: some countries have high innovation rates, while other countries rely on diffusion. Although innovation is …

Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory … featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3 …) escape-the-competition motives for innovation. We derive four predictions about the impact on innovation of scale and …

This paper contributes to the literature on innovation policies and institutional theory on conditions for effective … yield broader implications for organization and innovation …

Because positive spillovers give investment in innovation a social rate of return several times higher than its … internal rate of return to innovators, innovation is chronically underfunded. Recurrent manias, panics and crashes in stock … innovation, competition at the economy-level may favor institutions and behavioral norms conducive to innovation-related bubbles …