If innovation is to be subsidized, a natural place to start is to increase the quantity and quality of human capital …. Innovation, after all, begins with people. Simply stimulating the "demand side" through R&D subsidies and tax breaks may only … can both directly increase innovation and reduce its cost. This paper examines the evidence on human capital policies for …

This is an introduction to the forthcoming volume "The Role of Innovation and Entrepreneurship in Economic Growth." The … chapters collected in this volume seek to answer the following questions: What is the relationship between innovation …/entrepreneurship and economic growth in specific industrial sectors? How has the relationship between innovation /entrepreneurship and …

innovation infrastructure (cross-cutting factors which contribute broadly to innovativeness throughout the economy), the … environment for innovation in its leading industrial clusters, and the strength of linkages between these two areas. We use this … individual country's knowledge stock.' Further, the predicted level of national innovative capacity has an important impact on …

-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 from a baseline …