In August 2022, the US Congress passed the Inflation Reduction Act (IRA), a comprehensive piece of legislation aiming to stimulate the US economy and to increase its resilience. At an estimated 430 billion euros, it is a massive government investment and spending program in the welfare state,...

This study examines how China's place-based pilot policies for integrating science, technology, and finance affect regional innovation. Our DID estimates suggest that pilot policies for combining S&T and finance can causally promote regional innovation. We argue that regional fintech development...

This research note investigates the relative innovation performance and international presence of small and medium-sized enterprises (SMEs) in Türkiye. Using administrative data for the period 2006–2020, the empirical analysis shows that government support for research and development (R&D)...

Public emergencies although will typically reduce the total social welfare, it may force enterprises to seek innovation. Based on a simple game-theoretic model, we argue that the motivation of accelerating the advanced technology adoption decreases with firms’ initial technology endowment,...