We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex …, amount of innovation and output growth at intermediate stages of technological development - periods when legal change is … needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment problems are …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment …

excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment …

, innovation and growth. Two legal systems are analyzed: a rigid system, where an uncontingent law is written ex ante (before … technology). We show that flexible legal systems dominate in terms of welfare, amount of innovation and output growth in … rigid legal systems are preferable at early stages of technological development, when commitment problems are more severe …

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. …

will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need … innovation leveraged off the country’s strong primary industry knowledge base. Continuing to raise skill levels and the … rate, which potentially harm economic activity. To improve the sustainability of growth, revenues from non …

We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation … effect on the prevalence of innovative activity. The spillovers instead appear to concentrate innovation among a few large … corporate innovation. …

We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation … effect on the prevalence of innovative activity. The spillovers instead appear to concentrate innovation among a few large … corporate innovation. …