Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by …-and-neck. All these results are consistent with the predictions of step-by-step innovation models …

aux fins du SCN devrait inclure une vaste gamme de couts d'innovation dans le domaine des sciences et que ce concept plus … rapport a celui des Etats Unis. Si toutes les depenses au titre de l'innovation dans le domaine des sciences sont capitalisees …, le PIB augmentera. Cependant, il semble que le systeme d'innovation au Canada est axe davantage sur les depenses autres …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …