We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

It concludes by constructing a simple model in which knowledge flows slowly across national borders but moves easily … innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may … be particularly conducive to innovation, and demonstrates that, in general, the optimal policies of the leader should …

-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 …

medical innovations whose returns are earned worldwide. Because world returns drive innovation and innovation is central to … countries. This paper analyzes the unique positive and normative implications of these innovation-induced linkages across … countries when governments centrally price health care. Providing world returns to medical innovation under such central pricing …

, droughts and flooding on the innovation of their respective mitigation technologies. Using patent and disaster data, our study … is the first to relate natural disasters to technology innovation, and also presents the first attempt to empirically …

The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others … advantage and home market effects (HME) that arise from the interaction between increasing returns to innovation and … further specialize in innovation …

date, have largely concluded that patent pools have been associated with reduced rates of technical innovation in the … of innovation in product markets, rather than on indirect correlates of innovation (like patents), and by exploiting … with very different effects on the structure of product markets, and the rate of technical innovation in optical disc …

investments through the structural estimation of a flexible innovation production function, such as the translog. Our empirical …