We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …

This volume provides an understanding of firms' R&D and innovation strategies and their economy-wide consequences. It … heterogeneous ways in which firms organize and undertake R&D and innovation activities. It emphasizes innovation strategies of … innovating firms, and reflects that innovation efforts do not represent a uniform type of expenditure. Organized into three parts …