innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

innovation infrastructure (cross-cutting factors which contribute broadly to innovativeness throughout the economy), the … environment for innovation in its leading industrial clusters, and the strength of linkages between these two areas. We use this … individual country's knowledge stock.' Further, the predicted level of national innovative capacity has an important impact on …

improve on counts in studies which require a measure of the extent of innovation. A simple renewal based weighting scheme is …