The paper compares the way economies with exogenous and endogenous innovation respond to capital income taxes. If … innovation is exogenous, tax cuts increase saving. If innovation is endogenous, tax cuts increase innovation as well. Faster … innovation raises capital productivity and calls forth still more saving. A larger capital stock lowers the discount rate …

diversification, iii) inefficient financial market, iv) insufficiently advanced infrastructure, v) low level of innovation, vi) weak …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …

, distribution, and innovation. Economic development has been ubiquitous with the economic progress of “developing” countries, but …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …

factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at …. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This …

Increasing productivity growth through innovation is a key to raising living standards. Although R&D intensity in Japan …. The innovation system, which developed during the catchingup process, is largely input-driven and focused on incremental … innovation based on closed and stable corporate and employment systems. However, this approach is less appropriate in the current …

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …