This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … productivity (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a …

) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for … innovation, and ICT investment being more important for productivity. For the median firm, rates of return to both investments …

a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations …

both process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity …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 …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …

productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i … variance of aggregate productivity growth is determined mainly by the arrival rate of general innovations. Ceteris paribus, the … increase in firm-level volatility, and a decline in aggregate volatility. The effect on productivity growth is ambiguous. On …

presents some empirical evidence on the effects of innovation on employment growth and therefore on firms' productivity with … contribution of innovation in general to productivity growth is almost nil in Italy during this period … stemming from process innovation. The sources of employment growth during the period are split equally between the net …