The importance of innovation for the economic performance of industrialized countries has been largely stressed … innovation, is the key parameter in determining sustained growth in a model with endogenous technological change. This paper … takles the extremely important task of identifying and estimating a production function of innovation for European regions …

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

Understanding the factors that may produce a sustained rate of innovation is important for promoting economic … development and growth. In this paper, we examine the role of human capital in firms' innovation by using a large sample of … small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used …

factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R … a project differs in relation to the discovery and development stages of innovation, respectively. Our main finding is … discovery stage of innovation, while in the later development stage, the effects of competition outweigh any benefits from …

innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation – internal and external R&D, embodied and disembodied … complementarity and substitutability relationships, de-pending both on the typology of the targeted innovation output and on the …

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …