may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …

industries, and patents can distort resources away from industries where they are most productive. -- innovation ; patent policy …

growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …

This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … heterogeneity in terms of innovation potential. This extension allows to bring government demand policy within the realm of the …

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …