structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

This paper provides first empirical evidence of the joint effects that innovation strategies and human resource … firms and of firms pursuing relatively simple innovation strategies, centered around the acquisition of new machinery …

, while Romer developed a model of innovation-based growth. The authors provide two distinct explanations of what drives …

We study the implications of the creative destruction lifecycle of innovation for asset prices. We develop a general …

This paper investigates empirical linkages amongst inclusive institutions, innovation and economic growth in the … and suggests the existence of a positive relationship between inclusive institutions and innovation and economic growth …

on the innovation incentives of incumbents. To assess the net effect of these forces, we build a new endogenous growth …

since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit … analysis and covenant design. Later, bank innovation included the advent of loan sales, increased loan syndications, the … calibrate a model of bank innovation to determine the quantitative contribution of bank innovation to economic growth …