Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation … into an innovation club, an imitation club whose members are capable of absorbing technologies developed by the former and … two distinct thresholds giving rise to three country groupings. As suggested by the theory of technology clubs we find the …

innovation drive income expansion. Funke and Strulik [2000]. On endogenous growth with physical capital, human capital and … phases, characterized in a temporal order by physical capital accumulation, human capital formation, and innovation, and that … development are possible and show that the model can generate a trajectory in which innovation precedes human capital formation …

discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the … variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining … data from the European innovation survey (CIS 2), covering Austria, France, Italy, the Netherlands and the UK, broken down …

. Furthermore, rises in the cost of capital for innovation-intensive firms predict declines in subsequent productivity and economic … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can …