traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …

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

This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981–97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …

highlights several essential steps in creating a favorable environment for innovation and growth …

I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between … leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We … innovate in equilibrium, in an attempt to force followers out of the innovation game. Second, policies (such as patents) that …