externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures and …

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …

This paper contributes to the literature on innovation policies and institutional theory on conditions for effective … yield broader implications for organization and innovation …

R&D innovation. Our key insight is that a country has incentives to influence foreign innovation efforts across sectors … and over time---giving rise to optimal policies even when the private innovation allocations are (Pareto) efficient. We … same time invoking domestic innovation subsidies during transition. By contrast, optimal policies under exogenous …

Venture capital plays an important role in funding and shaping innovation outcomes, characterized by investors' deep … and innovation community. China, in its pursuit of global leadership in AI innovation and technology, has set up …-led venture capital funds combine features of private venture capital with traditional government innovation policies. In this …

-post productivity growth throughout our data window, 2007 to 2018. Neither subsidies given out under the name of R&D and innovation …