fundamental determinants of the patterns of innovation, the demand structure plays a crucial role in preventing the emergence of …

Innovation is commonly seeb as the principal engine of economic development. In this paper, we investigate the … microfoundations of economic growth by relating innovation to sales growth at the firm-level, for incumbent firms in four "complex …

How do financial markets respond to firms' efforts at innovation ? To answer this question, we mesure innovation by …. Whilst standard regression techniques find a positive relationship between innovation and growth, quantile regression … and show that these firms owe a lot of their success to their previous efforts at innovation. However, there are also …