This article extends the industry dynamics model of Vallée & Yildizoglu (2006) in order to carry out a richer theoretical analysis of the consequences of a stronger patent system. This model explicitly takes into account the potentially positive effects of patents: publication of patents...

Research and innovation are not addressed as central features in most Post Keynesian models, which integrate technological progress through capital accumulation. Analyzing aggregate demand and unemployment without integrating the impact of research leads to an incomplete understanding of the...

The purpose of this paper is to obtain new evidence on the efficiency of public support to business R&D with an analysis at an industry level with panel data for the Spanish case. After reviewing the empirical literature about the effects of public subsidies to private financed R&D, we carry out...

Innovations spur growth and economic transformation is widely acclaimed in economic growth literature. The transition in the national innovation system is the fundamental determinant of long-run economic growth and development. This is being reflected through the changes which are occurring in...

This paper focuses on the implications for the economic analysis of growth and innovation in relation to the NSI concept being part of the evolutionary research programme. We show that the modern evolutionism associates descriptive and theoretical works following specific methodological reasons....

This study empirically explores whether the public financial support for entrepreneurial R&D affects employment growth at the firm level. The data from the Finnish companies suggests that the firms that have received public R&D funding have not generally witnessed any greater employment growth...

This paper analyses the nature of knowledge spillovers from research and development (R&D) in the field of liquid crystal display technology by estimating the impact of inventorsÂ’ changing organizational and collaborative affiliations on the probability of citations in US patents filed...

There are many technology platforms that bring benefits only when users share data. In healthcare, this is a key policy issue, because of the potential cost savings and quality improvements from ‘big data’ in the form of sharing electronic patient data across medical providers. Indeed, one...

Climate change mitigation requires to replace preexisting carbon-intensive capital with different types of cleaner capital. Coal power and inefficient thermal engines may be phased out by gas power and efficient thermal engines or by renewable power and electric vehicles. We derive the optimal...