Innovation is widely recognized as a key ingredient of productivity success. This article by Someshwar Rao, Ashfaq … positive relationship between measures of fundamental innovation, labour productivity and GDP per capita across OECD countries …. The authors paint a nuanced portrait of Canada's innovation performance. The existence of an innovation gap with the …

this issue, we build a model in which the value of an innovation depends both on the type of innovation implemented … (product, process) and on the existence or not of a patent protection. We obtain a three-equation model that links the values … of product and process innovations to the value of patent protection. This model and the feature of the data imply the …