Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … the likelihood of having both process and product innovation. Both these kinds of innovation have a positive impact on …

How do political connections affect firm dynamics, innovation, and creative destruction? We extend a Schumpeterian … how political connections influence an economy's business dynamism and innovation, and generate a number of implications …