Innovation has its most important impact on the economy through the diffusion of new technical knowledge, from its first worldwide implementation in the production of goods and services to its adoption and adaptation by enterprises located in different places across the globe. One way to...

Why do some countries grow much faster, and have much better trade performance, than other countries? What are the crucial factors behind such differences, and what can governments do in order to improve the relative position of their economies? This paper outlines a synthetic framework, based...