The main goal of this article is to assess the impact of product innovation on the economic performance of firms operating in Medium and High-Tech (M&HT) industries. Using information from a large and unique dataset on Italian firms we estimate, by means of Propensity Score (PS) matching...

The performance of new companies coming from the demand side of the semiconductor industry is examined and compared with the performance of entrants coming from the semiconductor industry itself and with other types of entrants. By using a dataset of more than 1000 start-ups founded between 1997...

This article claims that catching up is a learning process that requires a long time and often differs significantly across economic sectors in the factors leading to success or failure. We support these claims by examining the major factors affecting catching up by several countries in six...

We analyze the relative effects of national and international, intrasectoral and intersectoral R&D spillovers on innovative activity in six large, industrialized countries over the period 1980–2000. We use patent applications at the European Patent Office to measure innovation and their...

This opening address at the Festschrift in Honor of Stanley Metcalfe examines his major contributions concerning evolutionary theory, innovation and Schumpeterian dynamics, competition and innovation systems. Metcalfe's broad intellectual framework is first presented: the use of complementary...