-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky’s ideas on the …

. Fostering competition by removing regulatory barriers and improving public procurement would help. In addition, innovation …

Although non-R&D innovation activities account for a significant portion of innovation efforts carried out across very … jointly considering the effects of R&D and the impact of non-R&D innovation activities on the productivity levels of firms …

This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are … considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for …-Kaldor mechanism, and the induced effect of innovation on export performance, are important cumulative forces that interact with the …

Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …

accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …

We analyze social learning and innovation in an overlapping generations model in which available technologies have … path of a Brownian motion with drift. Marginal innovation consists in choosing a technology within the convex hull of … policies already explored and entails no direct cost. Radical innovation consists in experimenting beyond the frontier of that …

Although non-R&D innovation activities account for a significant portion of innovation efforts carried out across very … jointly considering the effects of R&D and the impact of non-R&D innovation activities on the productivity levels of ?firms …