This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …

We study the optimal allocation of R&D resources in an endogenous growth model with an innovation network, through … more R&D toward key sectors that are upstream in the innovation network. Second, we extend to an open-economy setting and … spillovers has less incentive to direct resources toward innovation-upstream sectors, leading to cross-country differences in …

pharmaceutical patent protection alone does not stimulate domestic innovation, as estimated by the US patent awards (both raw counts … innovation acceleration and technology transfer, conditional upon certain country variables. In particular, the interaction …Research on the effects of patent protection on innovation and technology transfer in the cross-country pharmaceutical …

Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …

innovation infrastructure (cross-cutting factors which contribute broadly to innovativeness throughout the economy), the … environment for innovation in its leading industrial clusters, and the strength of linkages between these two areas. We use this …

innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … of openness on innovation incentives and productivity growth. Finally, our model predicts that a more globalized world … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …

Globalization of scientific and technological knowledge has reduced the US share of world scientific activity … the changing global world of science and technology. These include aligning immigration policies more closely to the …

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 …