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Although ideas production plays a critical role for growth, there has been only a modicum of research on the role played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of risk capital and private credit in stimulating knowledge...
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contrast, domestic regulatory impediments to competition are not robustly correlated with product innovation. "--World Bank web …"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This … article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight …
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We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in … between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product … innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …
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innovation. For the empirical analysis a unique firm-level data set is constructed that combines balance sheet data and an M …
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In previous research, we analysed the effect of technological innovation, understood as absorptive capacity, on exports … effect of technological innovation on trade varies according to the technological achievement by generating a non …-linear relationship between technological innovation and trade. A natural extension of this research is to use a panel dataset to fully …
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