The purpose of this paper is to examine how the Solow residual relates to innovation at the firm level. We estimate two kinds of relationships. The first relationship explains innovation output from innovation inputs. The second relationship relates TFP growth to innovation output. We obtain two...

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

A device central to the French cluster (Competitiveness pole) policy is the financing of collaborative projects aimed at enhancing the innovation capacities of firms. In turn, increasing in innovation capacities give rise to new business opportunities that firms only can seize by evolving their...