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 …

that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift …

employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify … that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees …, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity …

technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … to generate revenue. In a world of certainty, the first best level of innovation and abatement can be supported by either … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …

" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and …: while most innovating firms in the US are publicly traded conglomerates, a substantial fraction of innovation is … countries, where business groups tend to be concentrated in industries with a slower and more fundamental innovation cycle and …

This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation … return of 9.7%, followed by 6% to 7% on organizational innovation and a modest 1.4% to 1.8% on R&D in services 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 …

on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and … misallocation in the innovation area: while state-owned firms receive more subsidies, private firms exhibit more innovation results …