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size composition of firms changes, how innovation patterns (patents) change, as well as locational decisions of firms (NJ … observation, and that the growth advantage of small pharma firms increases after the 1980's as the process of innovation becomes … more guided and scale intensive and as small firm innovation becomes more persistent. Furthermore, at the end of the 1970's …
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One lesson of the Great Recession has been that countries with higher shares of industry in their GDP seemed to be less affected by the crisis. Consequently, the call for an industrial renaissance has become stronger. Industrial policy has now become a top priority in countries where it was not...
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characterized by higher IR due to how innovation activity affects the uncertainty of expected future profits. While the industry …
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