Research in business dynamics has been advancing rapidly in the last years but the translation of the new knowledge to industrial policy design is slow. One striking aspect in the policy area is that although research and analysis do not identify the existence of an specific optimal rate of...

This article tries to reconcile economic-industrial policy with health policy when dealing with biomedical innovation and welfare state sustainability. Better health accounts for an increasingly large proportion of welfare improvements. Explanation is given to the welfare losses coming from the...

Few areas in economics enjoy better theoretical grounds than Industrial Organization. And David Austretsch has greatly contributed to improve the IO field with his own dynamic models of entrepreneurship and, also, the inspiration and stimulus he has instilled to other scholars. In his article...

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...

The purpose of this paper is to obtain new evidence about a fundamental question of empirical studies on technology policy. Is public R & D a complement to or a substitute for private R & D? We examine, at an industry level, the relationship between private R & D expenditures and public...