We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to use … that innovation is of crucial importance for a handful of superstar fast-growth firms. We also discuss policy implications …

fundamental determinants of the patterns of innovation, the demand structure plays a crucial role in preventing the emergence of …

This paper proposes a framework for examining factors that affect innovation in sectors: sectoral systems. Sectoral … part of this paper, the concept and the definition of a sectoral systems of innovation are presented. In the second part of …