This paper studies the effects of public research (publications) and innovation output (patents) on national economic … as well as less and more developed countries are studied separately. The results confirm the effect of innovation output … on productivity for more developed countries. Simultaneously, innovation output is found to have negative impacts on …

This paper documents that underpriced firms substitute R&D spending with share buybacks to the detriment of innovation … innovation to boost short-term profits, as the market is inefficiently slow in valuing research …

In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the … underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from …

The paper aims to assess how public support for innovation activities influences the economic performance of Czech … their innovation activities. The analysis was performed on the case of the Innovation Program, which was co-financed by the … European Regional Development Fund. The Innovation Program is the largest Czech program for innovation support and mainly …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …