opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …

Science and Technology Parks (STPs) are one of the most important regional innovation policy initiatives. Previous … studies show that location in a Park promotes cooperation for innovation but have not investigated if they help to achieve … the likelihood of cooperation for innovation and the intangible results from cooperation with the main innovation partner …

The effectiveness of Science and Technology Parks (STPs) as instruments of innovation policy has generated thriving … and 25 STPs from the 2009 Community Innovation Survey for Spain and a survey of STP managers respectively, we find that …

IPR protection and innovation, but the evidence is stronger for developed countries than for developing countries. Thirdly …, the optimal level of IPR protection should tradeoff the social benefits of enhanced innovation against the social costs of …

This study develops a Schumpeterian growth model to analyze the effects of different patent instruments on innovation …. We first analyze patent breadth that captures the traditional positive effect of patent rights on innovation. Then, we … assigned to incumbents reduces entrants' incentives for innovation. This aspect of blocking patents captures the recently …

This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current … debate on whether patent protection stimulates or stifles innovation. We analyze the effects of patent protection in the form … of blocking patents. We show that patent protection changes the direction of innovation by having asymmetric effects on …