economies may adopt technologies embodied in imported hardware. Additionally, we link productivity and innovation output to … strongest performance return in the case of catching up to technological frontier. Product innovation is more beneficial than … process innovation in all performance features except for labor productivity. However, higher efficiency does not improve the …

In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm …

environment, NIF would boost the nation’s innovation leadership for the 21st century and raise productivity and incomes. Moreover … innovation, productivity, and the value-added to firms from NIF assistance.• Champion innovation by promoting innovation policy …Innovation drives America’s economic growth and ultimately determines its living standards andthose of its metropolitan …

. We uncover large and distinct effects of advanced manufacturing and product innovation for firm and aggregate growth …. Higher quality process (product) innovation is associated with higher short-run (long-run) firm profits, sales, capital, and … process innovation contribute differently to growth and productivity convergence towards the U.S. for countries with different …