This survey reviews the literature on firm dynamics, innovation and growth aiming to better understand the main … channels through which innovation affects the performance of modern economies. Since innovations fundamentally diffuse through … firm dynamics and innovation. …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by … questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We … several knowledge and innovation indicators, ranging from R&D expenditures, patent data, to newly released data on different …

argument is that innovation needs face to face contact and generates positive externalities. Thus, cheaper contacts boost …

-theory of investment, (3) Romer's theory of endogenous growth through horizontal product innovation, and (4) the Dixit …