This paper introduces dynamics in the R&D-to-innovation and innovation-to-productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...

In the late 1980s scholars of technological change were concerned about measuring more aspects of innovation than the mere information contained in the R&D surveys. They sat down under the auspices of the Organization of Economic Co-operation and Development (OECD) and wrote the so-called Oslo...

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...