This paper studies the effects of stock market valuation on research investment, the rate of innovation and welfare. In … and raise the economy-wide investment in Ramp;D and the rate of innovation. If the decentralized equilibrium rate of … innovation is inefficiently low, then such episodes may lead to an increase in aggregate welfare even if the higher valuation is …

A model is presented based on recent theories of economic growth that treat commercially oriented innovation efforts as …

performance is identified in the insufficient expenditure on research and development, which caused innovation to slow down …

This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata … from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters … demonstrate that employment growth is explained by product innovation. On the other hand, we find no evidence of a displacement …

We develop and estimate a model of technological innovation and its contribution to growth at home and abroad …