reforms also redistribute innovation across industries in closer alignment to its distribution in the U.S., which we take to … increasing value-added growth rates across all industries, and by larger margins in industries with more innovation potential …

Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory … featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3 …) escape-the-competition motives for innovation. We derive four predictions about the impact on innovation of scale and …

We study the global innovation and diffusion of ideas by introducing trade into the model in Eaton and Kortum (1999 … intensity of innovation within countries over time and diffusion rates across countries. We find significant specialization … across the globe: some countries have high innovation rates, while other countries rely on diffusion. Although innovation is …

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade …

Recent work highlights a falling entry rate of new firms and a rising market share of large firms in the United States …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …. The model provides a good fit to the dynamics of firm entry and exit, output and R&D. Taxing the continued operation of …

Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the …