This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms …. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed … focus on two features in multinational production: (i) fundamental innovation is geographically more difficult to transfer …

The beneficial effects of innovation for firms' performance and competitiveness are well documented, but it has been … suggested in recent years that innovation regimes differ between advanced and emerging economies. While advanced economies rely … to local firms. We investigate whether FDI spillovers influence different phases of the innovation process (from decision …

in 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 …

Although knowledge spillovers are at the core of the innovation policy’s justification, they have never been properly …