We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

This paper examines the interdependence between innovation and imports of intermediates, and their joint impact on … productivity. We do so by developing a quantitative model with heterogeneous firms and international trade where firms can invest … cover the fixed costs of sourcing foreign inputs, which in turn also has a benign impact on measured productivity. Using …

potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …

, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …

patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …

country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading … with other countries that have large ‘stocks of knowledge’ from their cumulative R&D activities. We use a special version …

characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …

Pressure on public finances has increased scrutiny of public support for innovation. We examine two particular issues … we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … civil or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government …

as a generalization of the knowledge capital model (Griliches 1979) that has remained a cornerstone of the productivity … knowledge on the productivity of firms. We illustrate our approach on an unbalanced panel of more than 1800 Spanish …We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us …

’ hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using … firms’ Total Factor Productivity would have been at least 5% lower in 2000 (about $14bn) in the absence of the US R&D growth …