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In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...
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different configurations of the patent system upon innovation and competition. The model is able to replicate the main stylized … adverse effects in terms of innovation outcomes, as well as of market competition and consumer welfare. Such general …
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of migration and innovation by adding fresh evidence on European regions and by unveiling some of the mechanisms of …
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A major element in innovation theory is creative destruction. Creative destruction puts the man in the center of … creations, etc. Yet, one of the main elements of innovation theory is the human factor. In a similar manner, the government …, are innovation and tax theories a thing of the past— outdated doctrines that should be eulogized for defeating their own …
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