Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …

, infrastructure development, and technological innovation. The results reveal that the impact of innovation-related spending on …

-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …