While the trade literature has tended to view export activity and innovation as complementary activities, we present … amount of innovation, exporting, and endogenous financial capital structure is able to account for these empirical findings …

and maintain an innovation advantage in the same fields over time. Our analysis covers 24 disruptive technologies (e.g. AI … growing innovation advantage over non-pioneer regions. This advantage is most pronounced in "super-cluster" regions, which are … leaders in both science and related innovation. These findings highlight the importance of early scientific leadership for …