face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

I develop a Schumpeterian model where the engine of growth is in the microeconomic structure of the patent races and … derive new results on the determinants of growth. Under decreasing marginal productivity in the R&D sector, the equilibrium … is characterized by small firms investing too little and the growth process is dynamically ine?cient; the optimal policy …

I develop a Schumpeterian model of endogenous growth with realistic features of the market for innovations as … being a leader is higher and growth driven by market leaders is higher. Technically the paper provides a complete analytical … sources of growth may reduce investment inducing a paradoxical negative correlation between growth and R&D spending, and that …

Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to …

contributed to Austria's post-war growth and the evolution of its pattern of trade over time. The paper looks at two lessons for …

trade-led economic growth across countries. Data of the Balassa index, which captures a country's revealed comparative … exporting high-technology as opposed to traditional or low-technology goods. The findings are robust to the presence of various …

In order to investigate the effectiveness of science and technology industrial parks (STIPs), this study examines data …

I investigate the long-run implications of trade and technology diffusion through trade, when firms are heterogeneous … and trade is costly. The paper integrates firm heterogeneity and trade into product innovation growth models from … endogenous growth theory. Two specifications of the R&D process are considered. In the first, R&D uses labor and intermediate …

changes in expectations cause changes in productivity. I present a model where firms adopt the technology of a deterministic … lower-frequency fluctuations. …