able to gain and maintain world leadership in innovation and technology while the latter continues to lag. Notwithstanding … the magnitude of this innovation gap and the political emphasis placed upon it on both sides of the Atlantic, very little … differences between the two continents in the quantity and quality of the major ‘inputs’ to innovation: R&D investments and human …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation … exogenous to firms’ export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 …

firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …

play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …

An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines …