Corporations have a major impact on the lives of people in developing countries. Not only do they determine the shape of the international economy, but also many private companies now provide essential social services that were previously the responsibility of government. The growth of corporate...

This paper contributes to the discussion about the globalization of corporate R&D by analyzing R&D strategies of environmental technology companies. Data is generated from a survey among German applicants for environmental technology patents. The survey elucidates motives and functions of...

We explore the relation between a country's patents and its economic and productivity growth. Consistent with patents reflecting important innovations, a one standard deviation increase in patent stock leads to a 1.58% (1.52%) elevation in GDP (TFP) growth. Patent stock has a stronger impact on...