How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and … domestic innovation. Controlling for the amount of domestic R&D, we find evidence that increases in international competitive … pressure at the industry level had a positive effect on domestic innovation outcomes …

We study the relation between patent concentration and tax-motivated income shifting. Using affiliate-level data for … European multinational corporations (MNCs) and employing the relative share of patents held by an MNC as a measure for patent … concentration, we predict and find that tax-motivated income shifting is increasing in the degree of patent concentration. This …

employing establishments and patent, we find that, compared to general workers, inventors tend to transition to less productive … calibrate the model to reflect these empirical findings and examine the effects of innovation policy. While subsidies provided … discourage innovation within frontier firms. The former positive effect dominates in the short term, but the latter negative …