enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the … incentive to accumulate knowledge. As a result, countries with large barriers experience lower income and growth. Our results … level and growth of income. …

financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and … growth and suggest that VC development in other countries could promote their economic growth …

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for … analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as … the same framework can be used to analyze how growth interacts with development and cross-country convergence and …

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … allows to capture a crucial determinant of a firm's business strategy and its response to competition. The findings from the …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

The recent period of sustained high growth in the United States has drawn attention to its financial system and the … allocation and growth. It provides evidence suggesting that legal and regulatory framework conditions for financial systems, and … particularly their enforcement and transparency, support innovation and investment in new enterprises. In addition, using dynamic …

delay with the US, from the possible ICT productivity growth second wave. …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … growth. A summary of what we learn from the econometric results concludes the paper. …

particular stressed that Italy was already in a critical position before 2007-2008, mainly due to insufficient economic growth … development, which caused innovation to slow down. …