both an engine of growth and a potential barrier to it. As a result, growth in an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show … reasons for linking North-South trade to intellectual property rights protection. …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … incumbents reduces growth and welfare. For example, a subsidy to incumbent R&D equivalent to 5% of GDP reduces welfare by about 1 …

both an engine of growth and a potential barrier to it. As a result, growth is an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show … North-South trade to intellectual property rights protection. …

both an engine of growth and a potential barrier to it. As a result, growth is an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show … North–South trade to intellectual property rights protection. …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … incumbents reduces growth and welfare. For example, a subsidy to incumbent R&D equivalent to 53 of GDP reduces welfare by about 1 …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … incumbents reduces growth and welfare. For example, a subsidy to incumbent R&D equivalent to 5% of GDP reduces welfare by about 1 …

-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … innovation for a particular technology class to build on, then that technology class innovates more. …

growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern … financial deepening and lastly, steady growth. ‘Lucky’ countries will spend relatively less time in the primitive accumulation …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … reduces growth and welfare. For example, a subsidy to incumbent R&D equivalent to 5% of GDP reduces welfare by about 1 …