When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current … structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result … is quite striking: consumption-led growth - either in terms of private or public or total consumption - leads to slower …

When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current … structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result … is quite striking: consumption-led growth - either in terms of private or public or total consumption - leads to slower …

This paper deals with the slowdown of economic growth in Europe. For that purpose, we focus on factors that affect the … long-run growth path of different economies. Special emphasis is paid to institutional and structural factors that are … often assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of …

—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …

How does antitrust enforcement against patent-based monopolies affect innovation? I address this question by … ordered to license all its copier-technology patents in the US and abroad. I show that this promoted innovation by other firms … available for licensing. This positive effect is driven by increased innovation by Japanese competitors. They started developing …

, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer …From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand …

harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an …-on innovation building on Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased … only outside the telecommunications equipment industry. The lack of a positive innovation effect in the telecommunications …