This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity …

construction and market services. Looking for possible explanations of the decline, a marked slowdown in innovation emerged as the … most likely cause. It concludes that, if no new wave of innovation materialises, comparable in size to the one of the late …. Only a recovery in innovation itself could trigger a sustainable recovery in productivity in the major OECD countries. …

In this article, the author inverses the traditional approach (does corporate governance favour innovation …?) considering how innovation influences corporate governance in the European telecommunication sector. …