We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …

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 …

determined by the industrial development triggered by changes in domestic demand, increases in FDI, intensive innovation efforts …

innovation, we characterize such "radical teams" as those formed by eclectic and non-usual collaborators, and those that are …

causal effect of human capital on income, net of the innovation channel. …

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 …

promotion. In this paper, we assess one popular justification for feed-in tariffs, i.e., induced innovation as a positive … spillover externality. Based on regressions with a time-technology fixed effect negative binomial model, we find that innovation …

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …