We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing … innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional … technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel-fired electricity …

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

This paper reviews selected fiscal policy initiatives undertaken by US states to encourage job creation and innovation … design table. Four policies are reviewed: job creation tax credits, research and development tax credits, a set of tax … creating jobs and spurring innovation. The paper concludes with four other considerations need to be taken into account in …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

may be positive or negative, depending on foreign countries' trade position. -- innovation ; financial development ; R … comparative advantage in producing innovative goods. We illustrate how protection, R&D subsidies, and financial sector development …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … desire of governments to foster risky 'breakthrough' innovations. -- business taxation ; innovation ; market entry …

-efficient development and deployment of eco-innovations (innovations that result in a reduction of environmental impact). To that end we … discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and … instruments. Finally we discuss how governments might contribute to eco-innovation by selecting, stimulating or creating (inter …

Bavarian State Government. The purpose of the initiative was to create a Bavarian-wide innovation network in support of state … the likelihood of innovation by a firm in the targeted industry by 4 to 7 percentage points. However, this effect is …