-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into …

: imitation of Northern products; imitation and innovation; and finally, innovation only. In particular, the model has the …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of … these subsidies. Second, because the ability of the South to assimilate Northern knowledge and innovate depends on Southern …

. Contrary to transfers and traditional regional policies, it is shown that a public policy that reduces the cost of innovation …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal …

effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … a narrow concentrated set of economic activities is more conducive to knowledge spillovers or if diversity, by bringing … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …

technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may …