equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation …We analyze the role of endogenous capital-embodied innovation in macroeconomic dynamics. We first leverage a newly …-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous …

process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This notsignificant effect of product innovation contrasts with evidence of studies for other countries. However, the …

using innovation has become a necessity to yield substantial returns and improve products and services by including new … model of management able to respond to consumers' requirements. This paper examines the importance of innovation …, technological factors in international tourism specialization.We will use a test to compare tourism investment and tourism receipts …

probability of success of a second innovation competing in the same product market; the size and direction of this effect … characterize the level of appropriability. From this characterisation, four representative mechanisms of R&D investment emerge …. When appropriability is weak, investment in more challenging innovations (with low probability of success) is pulled by the …