national innovation systems. The study also analyses the factors behind this industry's poor productivity growth. A scenario …

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of …

2002. In addition, the adoption of new e-business technologies by firms creates opportunities to conduct innovation, either …

California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …

play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …

An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines …