5% of productivity growth. There is a small negative effect of less than half a percent on employment when industries …

, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding … competition for the innovation, without reducing the total rents for innovations too much. …

an increase in either the size or the frequency of innovations, from human capital accumulation through learning … of innovations or through introducing learning by doing with positive external effects across sectors) introduces new …

This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously … property rights in the North. For a certain range of products, the optimal response to this tradeoff is the emergence of …

This Paper presents a model of innovations and economic growth, in which patent rates emerge endogenously, as a result …-inefficient, as too many researchers look for the easy innovations, while too few search for the difficult ones. The third result is …

We provide a novel set of stylized facts on firms engaging in international trade in services, using unique data on … firm-level exports and imports from the world's second largest services exporter, the United Kingdom (UK). We show that … only a fraction of UK firms engage in international trade in services, that trade participation varies widely across …

We use unique plant-level data to study the link between the local availability of services and the decision of … international sourcing of materials depends on a firm's productivity and the availability of local services. These predictions are … materials to sales. In addition, we find evidence that services grease the wheels of international commerce: A greater …

, showing the importance of developments in services. We identify the transition in market services from customized, low … provided, focusing on the transition from networks to hierarchies. Four general lessons are drawn: (1) developments in services …

The negotiations on trade in services at the WTO have so far produced little liberalization beyond levels unilaterally … has been a failure to exploit the scope built into the services agreement (GATS) for exchange of market access …