innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … developed tests and panel estimation techniques. We find that the stock of knowledge of a country, its R&D resources and the … stock of international knowledge move together in the long run. Then, imposing this long-run relation across variables we …

knowledge on technological innovation of a country in the short and in the long run. We find that a country's stock of knowledge …In this paper we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by … technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …