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 R&D expenditure, innovation output and productivity …

evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … estimate the causal effect of innovation induced by international spillovers on sectoral output per worker and total factor …

This paper discusses the technological change and financial innovation that commercial banking has experienced during … change and financial innovation can improve social welfare. We then survey the literature relating to several specific …

innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …

analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and …