factors for innovation at the local level, based on micro survey information from firms. In seeking for prominent explanatory … variables for entrepreneurial innovation in various classes of European cities, a particular multivariate method - i.e., Regime … generates a wide range of interesting empirical results on innovation factors in European cities. …

. In the deterministic model, R&D in time t surely leads to an innovation in time t + 1. In this setting, the authors show … hence achieves a larger size of innovation and a higher growth rate. Next, in the stochastic model, R&D in time t … probabilistically leads to an innovation in time t + 1. In this setting, the authors first define the equilibrium and the steady state …