A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...

Background: Economic evaluation as an integral part of health technology assessment is today mostly applied to established technologies. Evaluating health care innovations in their early states of development has recently attracted attention. However, while it offers a number of benefits, it...