issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product …, process) and on the existence of a patent protection or not. We obtain a three-equation model that links the values of product … and process innovations to the value of patent protection. This model and the feature of the data imply the estimation of …

-effects regressions, this study yields robust results. National patent protection alone does not stimulate domestic innovation, as …This paper evaluates the effects of patent protection on pharmaceutical innovations for twenty-six countries that … established pharmaceutical patent laws during 1978-2002. Controlling for country characteristics through matched sampling …

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

analyse between exporting, innovation activities and productivity. A firm's decision to start exporting into new destinations … the firm's innovation from which 0.6 percent is due to the endogenous investment in innovative activities and 24.4 percent …

appreciation of socially optimal patent law. Shifting the law in favor of patent owners, a policy to encourage innovation, seemed …To encourage invention, society awards inventors exclusive rights through patents. Patent law trades off incentives to … invent new technologies against reduced access to already invented technology. However, patent law being national, it is …

affect firms' innovation strategy choices, concretely, whether to abstain from innovation, to introduce products that are … known in the market but new to the firm (imitation) or to introduce market novelties (innovation). Using a sample of 1253 … German firms from manufacturing and services sectors I show that the perceived effectiveness of patent protection positively …

innovation is based on citation-weighted patent stocks. In our estimation model, we control for endogeneity using instrumental …Mergers lead to larger firms and a less competitive market structure, but their effects on innovation are not clear …. Mergers may improve innovation incentives by promoting economies of scope and scale, R\&D activities, and increasing the …

and Q theories of mergers. Our measure of innovation is based on the citation-weighted patent stock. We find that …The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge … because of increasing market share and expanding capacity. However, mergers may also be motivated by innovation since they …