Economic research emphasises the role of increasing returns to scale and critical mass in research and technology development. This suggests that countries benefit from specialising in certain technologies and can thereby bundle available resources. Using the example of the Exzellenzstrategie...

Innovation is crucial to economic development. Innovation expenditures in Germany's business sector as well as public funding for science and research have been increasing in the past decade. However, the share of businesses with innovations - especially among the small- and medium-sized ones -...