This paper examines quantitatively the effects of R&D subsidy and government-financed basic research on U.S. economic growth and consumer welfare. To achieve this, we develop an endogenous growth model which takes into account both public and private research investment, and the differences...

This chapter aims at analysing some characteristics of the innovation process, focusing on two factors that may determine the innovative capacity of a country: social capital and culture. The main objective is to explain that social capital can have positive effects on the equality level of an...

Although China became the world's leading patent filer in 2011, patent quality is still a serious issue in the country. This article first provides a statistical snapshot of this situation and then discusses how China's network of patent-related policies and practices in certain cases actually...

This paper reports on the findings of interviews conducted with Hungarian firms on their overall business and innovation strategies and innovation activities to pursue three interconnected aims: a) better understand firm behaviour by analysing qualitative features of innovation processes...

This paper reports on a desk-study on innovation performance and policies influencing it in four Nordic countries. The study is entirely based on published sources, either on the web (Eurostat, the OECD, the World Bank etc.), or in the form of articles, books, reports and evaluations. The first...

This paper exploits a particular facet of the US patent system, which thus far has been overlooked in the literature: the patent renewal fee scheme relating to switches from small to large entity status. Based on this observation, we are able to determine whether university patents are licensed...

The creative industries have long been seen as an innovative sector. More recent research posits that creative occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both creative industries and occupations, with urban environments...

We look at the effect of the US Sarbanes-Oxley (SOX) financial regulation on industrial innovation. Our theoretical framework shows it creating immediate uncertainty about its costs and future resolution of cost and managerial performance uncertainty. Real option value is created for investment...

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is conducive to long-term investments in new business...

Focused on the efficiency of the Russian innovation-fostering policy, the research is based on an empirical analysis of how policy instruments impact firms’ behavior. The data is obtained from two surveys of more than 600 Russian industrial companies in 2011-2012. The analysis shows that tax...