innovation and economic growth in the future, France will need to equip itself with the institutions that will enable the country … of its potential to become a vector for growth and to assume the role of a facilitator in an innovation-based economy …

disciplining managers and selecting projects. For an institution which generates a soft-budget constraints problem, we show how it … financial institution which generates hard-budget constraints, relatively high economic growth can be achieved when the risk of …

This paper looks at the link between the quality of economic institutions and innovation, and innovation and growth. We … construct a measure of the innovation content of individual manufacturing industries and show that countries with stronger … economic institutions specialize in more innovation‐intensive industries. Our results also provide evidence that industries …