data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …

This study examined the non-linear relationship between financial development and innovation using generalized method … for the period 1996 to 2010. An inverted U-shaped non-linear relationship between finance and innovation was observed …. This finding implies that finance enhances innovation only up to a certain level. Beyond that level, further development of …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

driven by knowledge and innovation. It offers novel empirical evidence on the underlying factors of the growth performance of … innovation in the development strategies of the dynamic growth regions? What are the risks and consequences of dynamic growth on …