This article analyses determinants of sectoral R&D and innovation expenditure as well as investment in Polish manufacturing industries in 1994-2004. The estimated coefficients for user cost of capital are generally in line with the neoclassical model of investment, except for R&D intensity. The...

Using a simple innovation-driven growth model I investigate to what extent labor market regulations underlie the devastating effects of output volatility on long-run growth trends. Empirical analysis conducted for 154 countries over the 1996-2005 period shows that an increase from low values of...