planner is interested in the average technology whereas the private researcher is interested in the leading edge technology …

set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

influence the demand for outsourcing. We show that outsourcing becomes more beneficial to the firm when technology is changing … rapidly. As the pace of innovations in production technology increases, the firm has less time to amortize the sunk costs …

suppliers, who can afford to use the latest technology, becomes relatively cheaper. The predictions of the model are tested …

augmented with technology. We find that R&D expenditures have a job-creating effect, in accordance with the previous theoretical …

well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …