This paper extends the line of research attempting to link innovation to economic growth by addressing some unexplored questions. Using global patent data this paper empirically investigates the importance of both the quantity and quality of innovation on economic growth controlling for past...

We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. The...