a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations. …

responses of firms to changes in innovation policy and the impact of those policy changes on aggregate output and welfare. We … three innovation policies in the United States: the Research and Experimentation Tax Credit, federal expenditure on R&D, and … effects on innovation and physical capital accumulation that may well undo the benefits of federal support for R&D. We also …

We explore the role of technological innovation as a source of economic growth by constructing direct measures of … innovation at the firm level. We combine patent data for US firms from 1926 to 2010 with the stock market response to news about … patents to assess the economic importance of each innovation. Our innovation measure predicts productivity and output at the …

that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift …

views within the energy innovation policy literature. In general, this literature has suggested that greatly increasing … rates of energy innovation requires creating significant demand for low carbon technologies, substantially increased federal … private sector investment in innovation. Each history also confirms the centrality of publicly funded research to the …

I study the channels through which health insurance influences medical innovation. Following Medicare and Medicaid … per resident. Consistent with historical case studies, Medical innovation's determinants extend beyond the potential … revenues associated with global market size; a physician driven process of innovation-while-doing appears to play a central …

challenges for future empirical research, as well as the need for additional data on technology and innovation. …