This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

The article discusses recent advances and future challenges in innovation studies. First, it separately considers four … main strands of research, studying innovation at the organisational, systemic, sectoral and macroeconomic levels. Then … technological and institutional change; the role of demand; and the impacts of innovation on individual and collective welfare …

of a country grows over time as a function of three main factors: its innovation intensity, its technological … up have generally improved, the increasing innovation gap represents a major factor behind the observed differences in …

The study of the relationships between innovation and the competitiveness of industries is an important topic for both … economics view. Both traditions agree on the important role played by innovation and the intersectoral diffusion of advanced … play a fundamental role for shaping innovation patterns and their impacts on the competitiveness of industries. …