This paper constructs a theory of industry growth through innovation and selection- driven creative destruction. Firms … adopted, they selectively replace worse ideas. Innovation externalities vary based on firm productivity: ideas generated by … externalities due to the displacement of other firms. Therefore, the net externalities of innovation are heterogeneous, and market …

of innovation and technological change. It is argued that, on the one hand, several genuine properties of innovation … dealing with issues of innovation and technological change is given and the contribution of these studies is discussed …

In this paper we introduce an agent-based model with heterogeneous firms which compare their mutual innovation … innovation categories on micro, meso and macro aggregates. Our findings show that collaborative companies are those having the … innovation policies in increasing macroeconomic performance …

. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow …. Above all, the role of financial-innovation nexus is underlined. The paper builds the grounds for a wider analysis of …

investment or international technology spillovers. This study is a major contribution to innovation, trade, FDI and growth …