-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

become an even more important determinant of growth through its impact on innovation. This note reviews global trends that … make a policy focus on technological learning and innovation more important than ever for developing countries. The note … innovation policy moving forward. Developing countries would benefit from an increased policy emphasis on technological learning …

' innovation behaviours can be analysed and exploited in order to assess the technological performance of the economy. Three … empirical applications using French data are derived from the previous argument. Our results show first that innovation is … highly persistent. Moreover benefits (in terms of productivity) resulting from innovation are differentiated according to the …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …