We study how frictions in learning others' technology, termed "imperfect technology spillovers," impact firm innovation … strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that … generates strategic innovation decisions, where multi-product firms improve their products via own-innovation and enter new …

set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

We describe Germany's rise as an industrial power in the late 19th century through radical innovation and … miracle, was nevertheless a period during which innovation slowed down - a somewhat surprising conclusion, but consistent with … innovation indicators, and offer four broad, interrelated explanations in a historical context: (i) the innovation system is …

function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …

Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …

different components of the labour force on innovation at the sectoral level between 1994 and 2005. The authors focus, in … determinants of innovation, such as R&D investments, stock of patents and openness to trade. To address possible endogeneity of … accordingly. Our results show that highly-educated migrants have a positive effect on innovation even if the effect is smaller …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …