innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently … developed tests and panel estimation techniques. We find that the stock of knowledge of a country, it’s R&D resources and the … analyse the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction …

This paper develops a dynamic general equilibrium model of North-South trade and economic growth. Both innovation and …

imitative R&D to copy state-of-the-art quality Northern products. Both innovation and imitation rates are endogenously …

-rich countries. We also present IV-estimates to correct for the endogenous nature of investment rates and panel estimates to allow …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this … and material. Therefore, our finding suggests that, at industry level, VC investment increases the patent propensity but …