process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This notsignificant effect of product innovation contrasts with evidence of studies for other countries. However, the …

’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings … demand and of the innovation function, and with the extent of spillover effects. In terms of consumer surplus standard, the …

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …