Technological innovation is critical to a country's economic development and a firm's long-term success. This article … reviews the recent literature that links institutions and innovation. Specifically, we focus on five aspects of the linkage …, features, and outcomes of innovation activities. Second, we review papers that focus on the role of demographic characteristics …

&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

informational constraints faced by the social planner. Innovation in the private sector by financial institutions and manufacturing … firms are held responsible for the negative externalities they impose, unlimited liability may discourage innovation in … strong legal regimes. Limited liability, however, might be accompanied by excessive innovation. In this framework we consider …

innovation and economic growth in the future, France will need to equip itself with the institutions that will enable the country … of its potential to become a vector for growth and to assume the role of a facilitator in an innovation-based economy …