We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …

-adjusted educational attainment among the working age population based on their health status during the time they did their education …

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

impediment to corporate innovation. By contrast, without technological spillovers, innovation has the effect of stealing market … share from rivals; in that case, more common ownership reduces innovation. Empirically, the association between common … ownership and innovation inputs and outputs decreases with product market proximity and increases with technology proximity. The …

benefit to firms that imitate existing technologies or those that are involved in incremental innovation. On the other hand …