a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations …

productivity of R&D resources in generating innovation (patenting) and productivity (TFP). While we find that knowledge diffusion …The diffusion of knowledge in the world generates positive externalities if knowledge flows increase the productivity … of R&D. Our work analyzes knowledge diffusion and knowledge externalities in generating innovation and in determining …

-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a … and country of origin. -- Productivity ; patents ; innovation ; knowledge flows …

countries raise the innovation-bar for emerging countries, (iv) there is no significant knowledge diffusion across emerging …

As China is moving toward an innovation-driven economy, this paper offers new insights for both policymakers and … with a focus on the spillover-induced productivity and efficiency change. The results show that spillovers as a result of … productivity effects vary across regions. Our analysis also indicates that highly skewed distribution of FDI leads to a less …