The Toyota Commemorative Museum of Industry and Technology gives its visitors much to ponder. Established at the site in Nagoya where in 1911 Sakichi Toyoda founded his automatic loom factory (the basis of the family fortune, which later funded his son Kiichiro's development of automobile...

Powerful technological platforms — artificial intelligence, gene editing, robotics — are driving a new wave of global innovation, with China and the United States emerging as the “G2” in these and other areas of technology. The United States is ahead overall, but its technology...

The paper analyses the macroeconomic interactions between high-tech innovations (such as growth in telecommunications) and trade. Cointegration and innovation accounting based on vector autoregression techniques have been used to estimate empirically trade and grwoth dynamics in the Australian...

In this paper we introduce an agent-based model with heterogeneous firms which compare their mutual innovation strategies on different network structures. By implementing a dynamic behavioral switching via a fitness mechanism based on agents performance, companies can endogenously modify their...

This paper explores how the regulatory approval process affects innovation incentives in medical technologies. Prior studies have found early mover regulatory advantages for drugs. I find the opposite for medical devices, where pioneer entrants spend 34 percent (7.2 months) longer than follow-on...

The central question in modern regulatory states is how to balance the sword of public enforcement with the setting of incentives for firms to comply with the law - broadly, to pursue the public good - just because it is in their interest to do so. We assess the ability of the state to encourage...