Several scholars have tried to focus on growth accounting of specific examples of General Purpose Technologies (GPTs). But, what are the factors that might make a General Purpose Technology succeed or fail once the invention has been "triggered"? This paper is a preliminary answer to this...

This paper provides novel empirical evidence on the private value of patents and R&D. We analyze an unbalanced sample of firms from five EU countries - France, Germany, Switzerland, Sweden and the UK in the period 1985-2005. We explore the relationship between firm’s stock market value and...

The lack of firm-level data on innovative activities has always constrained the development of empirical studies on innovation. More recently, the availability of large datasets on indicators, such as R&D expenditures and patents, has relaxed these constrains and spurred the growth of a new wave...