innovators from high-productivity firms. These findings suggest that innovation subsidies contribute to economic renewal and the …

How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …

to the firm-level total factor productivity growth in the 90s. In fact, ten-percentage-point increase of debt-asset ratio … lowered the firm-level total factor productivity growth rate by 0.72 percentage point for 1999-2001 by way of withering R …

Using firm level panel data from the U.S., I explore the relationship between firm size and R&D productivity for two …