Business environments dominated by information flows and autonomous tasks, typical of knowledge-intensive industries … gains from relatively high levels of trust in knowledge-rich environments are estimated to be sizeable and our estimates …

that the total current period (static) welfare gains of introducing a process or a product innovation are, on average …

as sources of relative innovation underperformance in Europe vis-à-vis the United States. In this paper we investigate R …) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for …

This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a … still rare. We apply a structural model that describes the link between Ramp;D expenditure, innovation output and …

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … both process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity …

for around 17% of the total increase in the top 1% income share between 1975 and 2010. Yet, innovation does not appear to … increase other measures of inequality which do not focus on top incomes. Next, we show that the positive effects of innovation … vindicate the Schumpeterian view whereby the rise in top income shares is partly related to innovation-led growth, where …

We analyze how demand conditions faced by a firm impacts its innovation decisions. To disentangle the direction of … causality between innovation and demand conditions, we construct a firm-level export demand shock which responds to aggregate … that this finding of a skewed innovation response to common demand shocks arises naturally from a model of endogenous …