innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … sectors which differ by their distance to the technological frontier. We show that entry threat spurs innovation incentives in … technologically advanced sectors - successful innovation allows incumbents to prevent entry. In laggard sectors it discourages …

must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the … innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is …

domestic entrepreneur who is familiar with local conditions. In such a country, domestic saving matters for innovation, and …

This paper analyzes the relationship between the entry of new firms and the innovation and productivity growth within … existing firms. In particular, we argue that liberalizing entry has a boosting effect on innovation and growth in those …