innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity …-enhancing innovations result from profit-motivated R&D investment. Our main result is that, for a given required trend of public expenditure … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the … domestic bank to cofinance projects and thus to attract foreign investment. But in countries close to the frontier, local firms … are familiar with the frontier technology, and therefore do not need to attract foreign investment to undertake an …

product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding …, that patent protection can complement competition in inducing innovation. …Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this …