innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skillintensive …

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test … empirically. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape: the escape …