This paper reconsiders the explanation of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic...

The role of geographical proximity in fostering connections and knowledge flows between innovative actors ranks among the most controversial themes in the research of innovation systems, regional networks and new economic geography. While there is ample empirical evidence on the constituent...

This paper aims to redevelop the national innovative capacity framework and specify the influence of its' elements on shaping the innovation performance of the EU nations. The objects of the empirical research are the EU member states for the period of 2000-2018. The collected data is employed...

Transfer and diffusion of knowledge and technology is a key condition for the development of innovation. In practice, they take place at the interface between science and business, which makes the level of innovation and development of a given economy depend on the effectiveness and efficiency...

Advanced materials hold significant potential to create better products and production processes. Yet realising their promise remains challenging: historically it has taken 15 to 20 years from discovery to deployment of new materials in products. Consequently, governments have been creating...