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We investigate how variety affects the innovation output of a region. Borrowing arguments from theories of recombinant … innovation, we expect that related variety will enhance innovation as related technologies are more easily recombined into a new … technology. However, we also expect that unrelated variety enhances technological breakthroughs, since radical innovation often …
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We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...
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A review of the types of Innovation System identified in the literature points to different models. Besides the very … well-known National, Regional, Local, sectorial, and technological innovation systems, combinations of the previous can be … identified, proposing sub-models such as National Open Innovation Systems, Regional Open Innovation System, as well as Regional …
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